It’s 3 PM GMT on this Wednesday; let’s look back at what’s been moving and shaking in the currency markets.
A somewhat peculiar trio of currencies is trading at the top of the Advancers and Decliners table, with safe haven Yen just a tiny fraction up from the commodity currencies Loonie and Kiwi, which are trading level with each other.
The Greenback took a hit amidst fears of possible government shutdown, but it’s still point 17% up from the Swissie.
German factory orders continued to grow in October, and Euro is up against the Pound which has extended its decline as Brexit talks keep getting more complicated.
And Aussie Dollar went down as Australian third quarter GDP growth was smaller than expected, which makes it the most bearish major.
As to the long-term charts, Canada/Swiss Franc has gained the most over a week, namely, 1.78%, whereas Euro/Canada is the most bearish instrument, having lost 1.69%.
Pound/Australia tops the monthly bulls chart, standing 3.16% in the green, and Australia/Yen posts the biggest decline, namely, 2.64%.
I’m Kiays Khalil and these were the Movers and Shakers for Wednesday. We’ll be right back tomorrow to cover the latest developments, but until then, goodbye.
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