Let’s find out what’s moving and shaking on the FX markets at 3 PM GMT on this week’s last trading day.
Sterling/New Zealand is the mover of the day with a decline of close to 1% and the pair has been heading lower during most of the day.
US stock indexes are on a rise and commodity currency trio tops the advancers and decliners table. New Zealand Dollar is the most bullish major, followed by Canadian Dollar as Canada enjoys a market holiday and the Australian Dollar.
Japanese consumer confidence and manufacturing PMI both rose and Yen is up against most of the rivals.
Decline of Swiss annual retail sales slowed down, but manufacturing PMI dropped and Swissie trades close to level with the Single currency. Finalized Euro Zone Manufacturing PMI was revised higher.
US Manufacturing PMI surprised on upside, but Buck is near the bottom of the table and up only from the Sterling, which dropped on a warning of a likely rate cut by the Bank of England in this summer.
Weekly bulls chart is led by Euro/Sterling and the pair has gained 2 and a half percent. Sterling/New Zealand shows the top decline, standing 2.6% in the red.
Euro/Sterling has gained the most ground over the past month with a rise of close to 8%. Sterling/Yen leads the bearish chart and it’s down by 13.33%.
I’m Celeste Skinner and this wraps up Friday’s report. Have a nice weekend and join us again on Monday from more on FX markets. Goodbye.
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