Hello, I’m Sinead MacLaughlin and here’s what’s moving and shaking on the FX Markets at 3 PM GMT on this week’s first trading day.
The day’s biggest move is a gain of point 38% and it’s posted by Sterling/Yen, which has been moving gradually higher during most of the day.
Start of this week hasn’t been particualy volatile and UK Sterling tops the advancers and decliners table, followed by a couple of commodity currencies.
Canadian housing starts were weaker than estimated, but Loonie Dollar is almost level with the Ozzy Dollar as Chinese trade report surprised on the upside.
German trade surplus narrowed down slightly, but Sentix investor confidence rose more than expected and Single currency trades in a close range with a number of majors, including the Swiss Franc, which is followed closely by the Buck.
New Zealand Dollar is the most bearish of the three commodity currencies on the table and it’s up only from the safe-haven Yen, which wraps up the advacners and decliners table.
So, where do these 8 majors stand in longer terms. Weekly bulls chart is led by Dollar/Yen and the pair has gained 2.51%. New Zealand/Dollar is the most bearish pair and it’s down by 3.16%.
Dollar/Swissie shows the biggest advance over a month and it’s 3.52% in the green. Euro/Dollar is the top decliner and the pair has lost 4.39%.
This wraps up Monday’s Movers and Shakers, but we’ll return tomorrow with the next overview, so click back.
