THE Fijian dollar strengthened against the US dollar by 1.3 per cent in June but weakened against some other currencies.
In its economic review for July the Reserve Bank of Fiji highlighted that the Fiji dollar weakened against the New Zealand dollar (-1.7 per cent), Euro (-0.4 per cent) and the Australian dollar (-0.2 per cent).
The review also stated that annual movements indicated that the FJD appreciated against the Australian Dollar (+3.1 per cent) but was lower against the Yen (-3.8 per cent), USD (-1.6 per cent), and the NZ dollar (-0.2 per cent).
Meanwhile the RBF also highlighted that the International Monetary Fund had further downgraded the global forecast for 2019 to 3.2 per cent, 0.1 percentage point lower than the April projection in its July World Economic Outlook.
This was on account of further escalation in the United States (US) China trade war, US sanctions threatening global technology supply, Brexit-related uncertainty and geo-political tensions.
THE Fijian dollar strengthened against the US dollar by 1.3 per cent in June but weakened against some other currencies.
In its economic review for July the Reserve Bank of Fiji highlighted that the Fiji dollar weakened against the New Zealand dollar (-1.7 per cent), Euro (-0.4 per cent) and the Australian dollar (-0.2 per cent).
The review also stated that annual movements indicated that the FJD appreciated against the Australian Dollar (+3.1 per cent) but was lower against the Yen (-3.8 per cent), USD (-1.6 per cent), and the NZ dollar (-0.2 per cent).
Meanwhile the RBF also highlighted that the International Monetary Fund had further downgraded the global forecast for 2019 to 3.2 per cent, 0.1 percentage point lower than the April projection in its July World Economic Outlook.
This was on account of further escalation in the United States (US) China trade war, US sanctions threatening global technology supply, Brexit-related uncertainty and geo-political tensions.
