We are just hours away from the Fed rate statement, so let’s see how the 8 major currencies position themselves ahead of this key event. Kiwi Dollar has been on a rise against the Buck and the pair jumped after noon to post the day’s biggest move, which is a gain of 1.52%. The Fed is expected to raise interest rates and commodity currency duo tops the table –Kiwi Dollar is point 32% up from the neighboring Ozzy Dollar as Australian consumer sentiment declined. Revised reading brought no change to Japanese industrial production stats and Yen is mostly higher. Euro Zone employment change was slightly stronger than anticipated and Euro is point 28% up from the Swiss Franc. UK claimant count release showed better than expected numbers and Sterling is just slightly up from the Loonie Dollar, which is the most bearish of the three commodity currencies on the table. US inflation and retail sales reports disappointed and Greenback is the most bearish major. Weekly bulls chart has a couple of pairs that have gained more than 2% and Canada/Swissie is the top advancer. Sterling/Canada has depreciated the most and it’s the only pair that has lost more than 3%. New Zealand/Greenback has gained the most ground over a month, standing almost 6% in the green. Sterling/New Zealand tops the bearish section with a slide of 6.62%. I’m Celeste Skinner and that’s all for Wednesday’s Movers and Shakers, but do click back tomorrow for this week’s last report. Goodbye.
We are just hours away from the Fed rate statement, so let’s see how the 8 major currencies position themselves ahead of this key event.
Kiwi Dollar has been on a rise against the Buck and the pair jumped after noon to post the day’s biggest move, which is a gain of 1.52%.
The Fed is expected to raise interest rates and commodity currency duo tops the table –Kiwi Dollar is point 32% up from the neighboring Ozzy Dollar as Australian consumer sentiment declined.
Revised reading brought no change to Japanese industrial production stats and Yen is mostly higher.
Euro Zone employment change was slightly stronger than anticipated and Euro is point 28% up from the Swiss Franc.
UK claimant count release showed better than expected numbers and Sterling is just slightly up from the Loonie Dollar, which is the most bearish of the three commodity currencies on the table.
US inflation and retail sales reports disappointed and Greenback is the most bearish major.
Weekly bulls chart has a couple of pairs that have gained more than 2% and Canada/Swissie is the top advancer. Sterling/Canada has depreciated the most and it’s the only pair that has lost more than 3%.
New Zealand/Greenback has gained the most ground over a month, standing almost 6% in the green. Sterling/New Zealand tops the bearish section with a slide of 6.62%.
I’m Celeste Skinner and that’s all for Wednesday’s Movers and Shakers, but do click back tomorrow for this week’s last report. Goodbye.
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