Economic calendar is light on this Monday as it`s a market holiday in Japan so let`s see if it has been equally calm on the currency market. I`m Doireann McDermott. Day’s biggest move is a decline of point 42% and it’s posted by Sterling/New Zealand. The rate started moving sharply down after almost 9 hours into the trading day. Antipodes lead the advancers and decliners table. New Zealand Dollar is almost level with the Ozzy Dollar, despite disappointing Chinese industrial output release. Safe-haven Japanese Yen is almost level with the Loonie Dollar, which is the most bearish of the 3 commodity currencies on the table. Greenback was moving North ahead of this week’s FOMC monetary policy announcement, but it took a hit from disappointing US industrial production release. Single currency declined as bloc’s trade balance release disappointed and it’s almost level with the Swiss Franc. UK Sterling is the most bearish of the 8 majors just three days before Scots go to the polls. So, let’s see where the 8 majors stand in longer terms. Euro/Australia has gained the most over a week and it’s up by 3.54%. Australia/Dollar tops the bearish section, standing 3.49% in the red. Dollar/Yen leads the monthly advancers table with an increase of 4.55%. New Zealand/Dollar shows the biggest slide and it’s down by 3.34%. That’s it for now, but check back tomorrow for the next report covering Tuesday as trading resumes in full swing. Goodbye.
Economic calendar is light on this Monday as it`s a market holiday in Japan so let`s see if it has been equally calm on the currency market. I`m Doireann McDermott.
Day’s biggest move is a decline of point 42% and it’s posted by Sterling/New Zealand. The rate started moving sharply down after almost 9 hours into the trading day.
Antipodes lead the advancers and decliners table. New Zealand Dollar is almost level with the Ozzy Dollar, despite disappointing Chinese industrial output release.
Safe-haven Japanese Yen is almost level with the Loonie Dollar, which is the most bearish of the 3 commodity currencies on the table.
Greenback was moving North ahead of this week’s FOMC monetary policy announcement, but it took a hit from disappointing US industrial production release.
Single currency declined as bloc’s trade balance release disappointed and it’s almost level with the Swiss Franc.
UK Sterling is the most bearish of the 8 majors just three days before Scots go to the polls.
So, let’s see where the 8 majors stand in longer terms. Euro/Australia has gained the most over a week and it’s up by 3.54%. Australia/Dollar tops the bearish section, standing 3.49% in the red.
Dollar/Yen leads the monthly advancers table with an increase of 4.55%. New Zealand/Dollar shows the biggest slide and it’s down by 3.34%.
That’s it for now, but check back tomorrow for the next report covering Tuesday as trading resumes in full swing. Goodbye.
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