The first trading day of the month is nearing the end, and it’s time to look back at what has been moving and shaking on the forex markets. I’m Doireann McDermott New Zealand/Yen is the mover of the day, having gained point 44%. The pair was moving higher for most of the day. New Zealand overseas trade index surprised on the upside in the second quarter, and Kiwi Dollar is the most bullish of the eight majors by a wide margin. UK Manufacturing PMI has hit a 14-month low, but Sterling is still a fraction up from the Aussie Dollar, which saw some decline as Australian manufacturing contracted in August. Canadian markets are closed for the Labour Day, but Loonie is up against the Common Currency, which was pushed lower by a number of disappointing news releases from Germany, Italy and Spain. US markets are closed as well, and the Greenback is trading level with the Swissie near the bottom of the table. And Yen wraps up the Advancers and Decliners table as Japanese capital spending grew less than expected in the second quarter. Let’s take a look longer term charts. Canada/Swiss Franc has gained the most over a week and it’s up by 1.35%. Euro/Canada has declined by 1.6% over the same term. Canada/Yen is the most bullish pair on the monthly table, and it stands 1.87% in the green. Euro/Canada is the most bearish instrument and it’s down by 2.27%. This wraps up Monday’s Movers and Shakers. We’ll be back tomorrow with the next overview, but for now, goodbye.
The first trading day of the month is nearing the end, and it’s time to look back at what has been moving and shaking on the forex markets. I’m Doireann McDermott
New Zealand/Yen is the mover of the day, having gained point 44%. The pair was moving higher for most of the day.
New Zealand overseas trade index surprised on the upside in the second quarter, and Kiwi Dollar is the most bullish of the eight majors by a wide margin.
UK Manufacturing PMI has hit a 14-month low, but Sterling is still a fraction up from the Aussie Dollar, which saw some decline as Australian manufacturing contracted in August.
Canadian markets are closed for the Labour Day, but Loonie is up against the Common Currency, which was pushed lower by a number of disappointing news releases from Germany, Italy and Spain.
US markets are closed as well, and the Greenback is trading level with the Swissie near the bottom of the table.
And Yen wraps up the Advancers and Decliners table as Japanese capital spending grew less than expected in the second quarter.
Let’s take a look longer term charts. Canada/Swiss Franc has gained the most over a week and it’s up by 1.35%. Euro/Canada has declined by 1.6% over the same term.
Canada/Yen is the most bullish pair on the monthly table, and it stands 1.87% in the green. Euro/Canada is the most bearish instrument and it’s down by 2.27%.
This wraps up Monday’s Movers and Shakers. We’ll be back tomorrow with the next overview, but for now, goodbye.
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