US markets were building in confidence, as equities rallied further and bond yields continued to ease. Oil prices had eased in the last few weeks, until the most recent spike, allowing for a rise in consumer confidence. The Fed is expected to leave rates unchanged, ahead of the Mid-Term elections, scheduled for next Tuesday. The US Dollar was firmer, with the EUR drifting back to 1.1130, while the GBP slipped to 1.3315.The rising reserve ensured the NZD remained below 0.5700, while the AUD held above 0.7000. The RBNZ is expected to raise interest rates, when they meet today, pre-empting a further spike in inflation. Australian markets will be focused on the latest inflation reading, with expectations of a jump, to an annualised 4.2%. Fluctuations on these predicted events will impact local currencies.
