The first trading day of the week is coming to an end, and it’s time to look back at what’s been moving and shaking in the currency markets. Dollar/Swiss Franc is the mover of the day, having gained point 82%. The pair was trending higher for most of the session. There has been some easing in US rhetoric over North Korea, and the Greenback is the most bullish major, up point 11% from the neighbouring Loonie. New Zealand retail sales picked up speed in the second quarter, and Loonie is up against most rivals. Japanese second quarter GDP showed a notably strong growth, and Yen is trading level with Sterling. Euro Zone industrial production, on the other hand, fell more than expected in May, and the Common Currency stands just a fraction above the Aussie. And moving point 35% lower we get to the Swissie, which is the most bearish major. Here’s how things look on the long-term charts. Euro/New Zealand has gained 1.94% over a week, which makes it the most bullish instrument, whereas New Zealand/Yen posts the biggest decline, namely, 2.73%. Euro/Swissie tops the monthly chart with a gain of 3.92%, whereas Swiss Franc/Yen has lost most over the same period, standing 3.69% in the red. I’m Kiays Khalil and these were the Movers and Shakers for Monday. Check back in tomorrow for the next overview.
The first trading day of the week is coming to an end, and it’s time to look back at what’s been moving and shaking in the currency markets.
Dollar/Swiss Franc is the mover of the day, having gained point 82%. The pair was trending higher for most of the session.
There has been some easing in US rhetoric over North Korea, and the Greenback is the most bullish major, up point 11% from the neighbouring Loonie.
New Zealand retail sales picked up speed in the second quarter, and Loonie is up against most rivals.
Japanese second quarter GDP showed a notably strong growth, and Yen is trading level with Sterling.
Euro Zone industrial production, on the other hand, fell more than expected in May, and the Common Currency stands just a fraction above the Aussie.
And moving point 35% lower we get to the Swissie, which is the most bearish major.
Here’s how things look on the long-term charts. Euro/New Zealand has gained 1.94% over a week, which makes it the most bullish instrument, whereas New Zealand/Yen posts the biggest decline, namely, 2.73%.
Euro/Swissie tops the monthly chart with a gain of 3.92%, whereas Swiss Franc/Yen has lost most over the same period, standing 3.69% in the red.
I’m Kiays Khalil and these were the Movers and Shakers for Monday. Check back in tomorrow for the next overview.
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