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Market Update 17-Feb–17

Even though the US economic data this morning continued to show robust growth, stocks on Wall Street fell from record highs and the US dollar weakened as well.
This is because investors are unsure what US President Donald Trump have in line, in regards to the tax policies that is still yet to be delivered. And secondly, energy stocks was weighed down by falling oil prices.
Meanwhile, New Zealand released their retail sales for the fourth quarter this morning. It fell to 0.8 percent from an expected increase of 1.1 percent. This caused the New Zealand dollar to weaken further against the Fijian dollar by 0.27 percent.


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