Trading has resumed this week, so let’s see what the benchmark interbank spread levels have been for the 3 non-cross majors. Euro/Dollar’s long term average and maximum spreads are point 33 and 1.2 pips respectively. A decline of point 58% or 70 pips have brought the pair once again South of the 1 20 level. The steep decline has brought no major shake ups for the spreads, peak of just 1.2 pips was posted yesterday shortly after 11 PM GMT. The Cable’s spreads have averaged at point 95 pips so far this week, peaking at 4.4 pips. Pound/Dollar has moved sharply South from the high of 1 3586, declining by point 45% or 61 pips. Spreads were slightly bumpy yesterday at 11 PM GMT, but you shouldn’t have seen a separation bigger than 4.4 pips. And last up is the Dollar/Yen, which has a daily average spread of point 61 pips. Peak separation has been 1.7 pips. The pair rose by a total of point 34% or 38 pips, but some of the gains have since been given up. Spreads have been mostly narrow and the max of just 1.7 pips took place yesterday at 11 PM GMT. I’m Jessica Walker and this wraps up the Spike Controller for Monday.
Trading has resumed this week, so let’s see what the benchmark interbank spread levels have been for the 3 non-cross majors.
Euro/Dollar’s long term average and maximum spreads are point 33 and 1.2 pips respectively.
A decline of point 58% or 70 pips have brought the pair once again South of the 1 20 level.
The steep decline has brought no major shake ups for the spreads, peak of just 1.2 pips was posted yesterday shortly after 11 PM GMT.
The Cable’s spreads have averaged at point 95 pips so far this week, peaking at 4.4 pips.
Pound/Dollar has moved sharply South from the high of 1 3586, declining by point 45% or 61 pips.
Spreads were slightly bumpy yesterday at 11 PM GMT, but you shouldn’t have seen a separation bigger than 4.4 pips.
And last up is the Dollar/Yen, which has a daily average spread of point 61 pips. Peak separation has been 1.7 pips.
The pair rose by a total of point 34% or 38 pips, but some of the gains have since been given up.
Spreads have been mostly narrow and the max of just 1.7 pips took place yesterday at 11 PM GMT.
I’m Jessica Walker and this wraps up the Spike Controller for Monday.
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