It’s 3 PM GMT on this Wednesday, so let’s recap what’s been moving and shaking on the FX Markets. Sterling/Australia is the mover of the day with a solid gain of 1.78% as the pair shot up in a couple of waves. Preliminary UK GDP showed stronger than expected economic growth in the third quarter, sending the Sterling to the top of the table. German IFO business climate report surprised on the upside and Single currency is near the top of the table, trading point 22% up from the Japanese Yen. Swiss UBS consumption indicator increased and Swissie is point 18% up from the Buck as US durable goods orders jumped. Commodity currency trio sits at the bottom of the table – New Zealand Dollar is point 53% up from the Canadian Dollar as Bank of Canada left interest rates on hold, while sending a dovish message. Australian CPI numbers were soft and Ozzy Dollar wraps up the advancers and decliners table. Moving on to longer term performance charts, Sterling/New Zealand has appreciated by 4.43% over the past week. New Zealand/Greenback is the top decliner with a slide of 3.77%. Euro/New Zealand has had a bullish run over the past month and it’s up by more than 5%. New Zealand/Greenback leads the bearish table with a slide of 5.48%. I’m Jessica Walker and this was the Movers and Shakers report for Wednesday. We’ll be back tomorrow to cover the latest developments in the forex markets, but until then, goodbye.
It’s 3 PM GMT on this Wednesday, so let’s recap what’s been moving and shaking on the FX Markets.
Sterling/Australia is the mover of the day with a solid gain of 1.78% as the pair shot up in a couple of waves.
Preliminary UK GDP showed stronger than expected economic growth in the third quarter, sending the Sterling to the top of the table.
German IFO business climate report surprised on the upside and Single currency is near the top of the table, trading point 22% up from the Japanese Yen.
Swiss UBS consumption indicator increased and Swissie is point 18% up from the Buck as US durable goods orders jumped.
Commodity currency trio sits at the bottom of the table – New Zealand Dollar is point 53% up from the Canadian Dollar as Bank of Canada left interest rates on hold, while sending a dovish message.
Australian CPI numbers were soft and Ozzy Dollar wraps up the advancers and decliners table.
Moving on to longer term performance charts, Sterling/New Zealand has appreciated by 4.43% over the past week. New Zealand/Greenback is the top decliner with a slide of 3.77%.
Euro/New Zealand has had a bullish run over the past month and it’s up by more than 5%. New Zealand/Greenback leads the bearish table with a slide of 5.48%.
I’m Jessica Walker and this was the Movers and Shakers report for Wednesday. We’ll be back tomorrow to cover the latest developments in the forex markets, but until then, goodbye.
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