It’s 3 PM GMT on this Friday and time for us to find out what has been moving and shaking on the currency markets. I`m Sinead MacLaughlin. Canada/Yen had a slight correction after noon GMT, but the pair continued moving North and it stands more than 1% in the green, marking the biggest move. Canadian manufacturing sales rose more than expected and Loonie Dollar tops the advancers and decliners table. US retail sales release surprised on the upside as well and Buck is up against most of the rivals, along with the neighboring Loonie Dollar. New Zealand Dollar is point 13% up from the Australian Dollar, which is the most bearish of the three commodity currencies on the table. Swiss Franc trades in a close range with the Euro, which is mostly lower, despite an upward revision to the bloc’s third quarter GDP release. The Bank of England lowered their growth forecast for the UK this week and Sterling is up only from the Japanese Yen. Safe-haven continues it’s bearish run as speculations of a delayed sales tax increase drives it lower. Let’s take a look at longer terms, where New Zealand/Yen shows the biggest rise over a week and it’s 3.36% in the green. Sterling/New Zealand tops the bearish section with a slide of 2.87%. Dollar/Yen has gained almost a massive 10% over a month and that’s the biggest rise. Euro/Dollar is on top of the decliners section, standing 2.68% in the red. So that’s it for Friday’s Movers and Shakers. Enjoy your weekend and join us again on Monday for full coverage of the FX Markets. Goodbye.
It’s 3 PM GMT on this Friday and time for us to find out what has been moving and shaking on the currency markets. I`m Sinead MacLaughlin.
Canada/Yen had a slight correction after noon GMT, but the pair continued moving North and it stands more than 1% in the green, marking the biggest move.
Canadian manufacturing sales rose more than expected and Loonie Dollar tops the advancers and decliners table.
US retail sales release surprised on the upside as well and Buck is up against most of the rivals, along with the neighboring Loonie Dollar.
New Zealand Dollar is point 13% up from the Australian Dollar, which is the most bearish of the three commodity currencies on the table.
Swiss Franc trades in a close range with the Euro, which is mostly lower, despite an upward revision to the bloc’s third quarter GDP release.
The Bank of England lowered their growth forecast for the UK this week and Sterling is up only from the Japanese Yen. Safe-haven continues it’s bearish run as speculations of a delayed sales tax increase drives it lower.
Let’s take a look at longer terms, where New Zealand/Yen shows the biggest rise over a week and it’s 3.36% in the green. Sterling/New Zealand tops the bearish section with a slide of 2.87%.
Dollar/Yen has gained almost a massive 10% over a month and that’s the biggest rise. Euro/Dollar is on top of the decliners section, standing 2.68% in the red.
So that’s it for Friday’s Movers and Shakers. Enjoy your weekend and join us again on Monday for full coverage of the FX Markets. Goodbye.
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