Donald Trump has done his fair bit of moving and shaking the currency markets today, so let’s take a closer look. There’s a very clear and pronounced flight to safety, as the mover of the day is Canada/Swissie. The pair was trending lower for most of the last 15 hours, losing a total of point 95%. Markets have not taken lightly Donald Trump’s decidedly bellicose rhetoric towards North Korea, and safe haven Swissie is the most bullish major by a very notable margin, up point 62% from Yen. A few currencies trade within a very narrow range from each other, as Sterling is almost level with the Greenback. Moving just a fraction lower, we get to Kiwi, which, in turn, is less than point 1% up from the Common Currency. And two commodity currencies have not fared too well in the suddenly risk-averse environment. Aussie is point 15% up from the Loonie, which is the most bearish of the 8 majors. And here’s how things look on the long-term charts. Dollar/Canada is the most bullish instrument on the weekly chart, having gained 1.12%, whereas the Pound/Yen posts the biggest decline, namely, 2.13%. Things look somewhat different on the monthly chart, as Australia/Dollar tops the bullish table, standing 3.69% in the green, and Dollar/Yen is the most bearish pair with a decline of 3.65%. I’m Celeste Skinner and these were the Movers and Shakers for Wednesday. Check back in tomorrow to track the latest developments.
Donald Trump has done his fair bit of moving and shaking the currency markets today, so let’s take a closer look.
There’s a very clear and pronounced flight to safety, as the mover of the day is Canada/Swissie. The pair was trending lower for most of the last 15 hours, losing a total of point 95%.
Markets have not taken lightly Donald Trump’s decidedly bellicose rhetoric towards North Korea, and safe haven Swissie is the most bullish major by a very notable margin, up point 62% from Yen.
A few currencies trade within a very narrow range from each other, as Sterling is almost level with the Greenback.
Moving just a fraction lower, we get to Kiwi, which, in turn, is less than point 1% up from the Common Currency.
And two commodity currencies have not fared too well in the suddenly risk-averse environment. Aussie is point 15% up from the Loonie, which is the most bearish of the 8 majors.
And here’s how things look on the long-term charts. Dollar/Canada is the most bullish instrument on the weekly chart, having gained 1.12%, whereas the Pound/Yen posts the biggest decline, namely, 2.13%.
Things look somewhat different on the monthly chart, as Australia/Dollar tops the bullish table, standing 3.69% in the green, and Dollar/Yen is the most bearish pair with a decline of 3.65%.
I’m Celeste Skinner and these were the Movers and Shakers for Wednesday. Check back in tomorrow to track the latest developments.
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