This week’s first trading week is close to an end, so let’s see what has been moving and shaking the markets so far. I’m Monica Gibson Swiss Franc/Yen moved lower until 7 o’clock in the morning and, although it saw limited movement afterward, it still is the mover of the day with a loss of point 79 percent. The Japanese economy unexpectedly moved into recession in the third quarter, sparking demand for safe haven currencies, and, notably, Yen is the most bullish of them, standing point 32% up from another safe haven, namely, the Greenback. Sterling is a fraction up from the Kiwi Dollar, which received a boost as New Zealand third quarter retail sales came in much stronger than expected. Another commodity currency, Loonie Dollar, stands point 14% North of the Common Currency, which finds itself near the bottom of the table even though Euro zone trade surplus grew more than expected in September. Swissie is trading mostly lower amidst speculations that Swiss National Bank may intervene to stop it from appreciating further, and it is just a fraction up from the most bearish currency, which is the Aussie Dollar. And here’ s how the eight majors line up in longer terms. New Zealand/Yen is the most bullish pair on the monthly chart, standing almost 4% in the green. Pound/New Zealand is down by 3.62%, and it is the biggest decline. Canada/Yen has gained 9.52% over the last month, which is the biggest advance. Euro/Canada has moved South by more than 2% over the same period, and it tops the monthly decliner’s table. So that’s all for Monday’s Movers and Shakers. We’ll be back tomorrow with the latest developments in the currency markets, so see you then.
This week’s first trading week is close to an end, so let’s see what has been moving and shaking the markets so far. I’m Monica Gibson
Swiss Franc/Yen moved lower until 7 o’clock in the morning and, although it saw limited movement afterward, it still is the mover of the day with a loss of point 79 percent.
The Japanese economy unexpectedly moved into recession in the third quarter, sparking demand for safe haven currencies, and, notably, Yen is the most bullish of them, standing point 32% up from another safe haven, namely, the Greenback.
Sterling is a fraction up from the Kiwi Dollar, which received a boost as New Zealand third quarter retail sales came in much stronger than expected.
Another commodity currency, Loonie Dollar, stands point 14% North of the Common Currency, which finds itself near the bottom of the table even though Euro zone trade surplus grew more than expected in September.
Swissie is trading mostly lower amidst speculations that Swiss National Bank may intervene to stop it from appreciating further, and it is just a fraction up from the most bearish currency, which is the Aussie Dollar.
And here’ s how the eight majors line up in longer terms. New Zealand/Yen is the most bullish pair on the monthly chart, standing almost 4% in the green. Pound/New Zealand is down by 3.62%, and it is the biggest decline. Canada/Yen has gained 9.52% over the last month, which is the biggest advance. Euro/Canada has moved South by more than 2% over the same period, and it tops the monthly decliner’s table.
So that’s all for Monday’s Movers and Shakers. We’ll be back tomorrow with the latest developments in the currency markets, so see you then.
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