Last trading day of this week has been rocky on the FX markets, so stay with us to find out what’s moving and shaking. Canada/Yen is the mover of the day with a solid gain of 1.36% and the pair shot up particularly sharply after noon GMT. Strong Canadian employment change number has sent the Loonie Dollar sharply up and it’s the most bullish of the 8 majors. Then there’s a batch of majors that trade in an extremely narrow range and Sterling is one of them. Hung UK election brought a sharp slide for the Pound, but it has somewhat recovered. Australian home loans dropped by almost 2% and Ozzy Dollar is close to level with the Greenback, New Zealand Dollar and the Single currency. German trade surplus was reported slipping. Swiss Franc is up only from the Japanese Yen, which is the most bearish major as Bank of Japan Governor Haruhiko Kuroda said “there is still a long way to go until the price stability target of 2% is achieved”. Weekly bulls top is led by Australia/Swissie and the pair stands 1.89% in the green. Sterling/Australia has depreciated the most and it’s the only pair that’s down by more than 2%. Euro/Sterling has had a bullish month and gain measures at 4.6%. Sterling/Swissie is the top decliner and it’s 5.34% in the red. I’m Kiays Khalil and that’s it for Friday’s Movers and Shakers. Enjoy your weekend and tune in on Monday for more on the FX Markets. Goodbye.
Last trading day of this week has been rocky on the FX markets, so stay with us to find out what’s moving and shaking.
Canada/Yen is the mover of the day with a solid gain of 1.36% and the pair shot up particularly sharply after noon GMT.
Strong Canadian employment change number has sent the Loonie Dollar sharply up and it’s the most bullish of the 8 majors.
Then there’s a batch of majors that trade in an extremely narrow range and Sterling is one of them. Hung UK election brought a sharp slide for the Pound, but it has somewhat recovered.
Australian home loans dropped by almost 2% and Ozzy Dollar is close to level with the Greenback, New Zealand Dollar and the Single currency.
German trade surplus was reported slipping.
Swiss Franc is up only from the Japanese Yen, which is the most bearish major as Bank of Japan Governor Haruhiko Kuroda said “there is still a long way to go until the price stability target of 2% is achieved”.
Weekly bulls top is led by Australia/Swissie and the pair stands 1.89% in the green. Sterling/Australia has depreciated the most and it’s the only pair that’s down by more than 2%.
Euro/Sterling has had a bullish month and gain measures at 4.6%. Sterling/Swissie is the top decliner and it’s 5.34% in the red.
I’m Kiays Khalil and that’s it for Friday’s Movers and Shakers. Enjoy your weekend and tune in on Monday for more on the FX Markets. Goodbye.
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