MARKET UPDATE 20-Mar-18

Thank you

Let’s have a quick look at the markets….

The European Union and Britain reached a broader agreement on a post Brexit transition period. The sterling rose to its highest against Euro dollar in more than a month after debates on rate hikes sooner than previously thought.

Closer to home, Reserve Bank of Australia has left interest rate at 1.5% since last easing in August 2016, the longest spell of stable policy since the early 1990s. That had helped in reducing the unemployment rate to 5.5 percent and bringing inflation closer to its 2 percent target band. The continued policies will exceed growth in 2018 with upturn in global activity.

Consumer Confidence in New Zealand rose in the first quarter from 107.4 to 111.2.

Upcoming for the week is GBP Consumer & Producer Price Index and Interest Rate Decision for USD, New Zealand and Great Britain.

And that’s all for now…..Thank you.

FX Rates 20.03.18

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