This Wednesday has seen some dramatic reversals in the currency markets, so let’s take a closer look. We start with the Mover of the Day, which is New Zealand/Swiss Franc, and it was trending higher for most of the day, gaining a total of point 74%. So in a notable contrast to yesterday, Kiwi Dollar has very much rebounded and now actually stands at the very top of the Advancers and Decliners table. Hawkish hints from Fed Chair Janet Yellen have lifted the Greenback, which is up against most rivals. A spike in oil priced has boosted commodity currencies, and Loonie is point 15% up from the Aussie. Meanwhile, the increased demand for commodities has pushed safe havens lower, and Yen is just a fraction up from the Pound. Rising US dollar, coupled with the ongoing German coalition talks, have weighed on Euro, and it’s trading mostly lower, althoug it is point 17% up from the most bearish major, namely, the Swissie. And here’s a quick look at the long-term scales. Dollar/Yen tops the weekly bulls chart with a gain of 1.53% while Australia/Dollar posts the biggest decline, standing 2.63% in the red. Pound/Yen is the top performer in monthly terms, having gained 7.27%, whereas Euro/Pound is the most bearish instrument, as it’s down by 5.29%. I’m Jessica Walker and these were the Movers and Shakers for Wednesday. Check back in tomorrow when the next report will be available.
This Wednesday has seen some dramatic reversals in the currency markets, so let’s take a closer look.
We start with the Mover of the Day, which is New Zealand/Swiss Franc, and it was trending higher for most of the day, gaining a total of point 74%.
So in a notable contrast to yesterday, Kiwi Dollar has very much rebounded and now actually stands at the very top of the Advancers and Decliners table.
Hawkish hints from Fed Chair Janet Yellen have lifted the Greenback, which is up against most rivals.
A spike in oil priced has boosted commodity currencies, and Loonie is point 15% up from the Aussie.
Meanwhile, the increased demand for commodities has pushed safe havens lower, and Yen is just a fraction up from the Pound.
Rising US dollar, coupled with the ongoing German coalition talks, have weighed on Euro, and it’s trading mostly lower, althoug it is point 17% up from the most bearish major, namely, the Swissie.
And here’s a quick look at the long-term scales. Dollar/Yen tops the weekly bulls chart with a gain of 1.53% while Australia/Dollar posts the biggest decline, standing 2.63% in the red.
Pound/Yen is the top performer in monthly terms, having gained 7.27%, whereas Euro/Pound is the most bearish instrument, as it’s down by 5.29%.
I’m Jessica Walker and these were the Movers and Shakers for Wednesday. Check back in tomorrow when the next report will be available.
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