Economic calendar has been busy on this Tuesday, so let’s find out what’s moving and shaking among the 8 major currencies.
Sterling/Swissie dropped after 8 o’clock and the pair stands more than 1% in the red after 15 hours of trading, which is the day’s biggest move.
Swissie tops the table as the pace of annual contraction of Swiss retail sales slowed down and Manufacturing PMI surprised on upside.
RBA left interest rates unchanged, saying inflation is expected to pickup and Ozzy Dollar is mostly higher, followed closely by the Single currency.
The key New Zealand employment report out later in the day and Kiwi Dollar is just slightly up from the Yen.
Bank of Japan left monetary policy unchanged, delaying timing for reaching its inflation target.
Monthly Canadian GDP advanced as estimated, but Loonie Dollar is the most bearish of the three commodity currencies on the table.
US ISM Manufacturing PMI advanced, but Buck is near the bottom of the table, trading only a fraction up from the Sterling, which wraps up the advancers and decliners table as UK Manufacturing PMI declined more than expected.
Swissie/Yen and Euro/Yen both share the top spot on the monthly bulls chart with a gain of 2.46%. Canada/Swissie leads the bearish section, standing 1.75% in the red.
Euro/Sterling has had a bullish month and the pair is up by 4.64%. Sterling/Australia has declined the most and it’s the only pair that has lost more than 6%.
I’m Celeste Skinner and these were the Movers and Shakers for Tuesday. Click back for Wednesday’s report, but for now, goodbye.
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