Find out what’s moving and shaking on the FX Markets at 3 PM GMT on this PMI Thursday.
Sterling/New Zealand was calm for hours, but a late surge has resulted in a gain of 1.44%, which is the day’s biggest move.
UK Manufacturing PMI increased slower than anticipated, but Sterling leads the table as Brexit Secretary David Davis said the UK would consider making contributions to the EU to secure best possible access to single market.
Canadian Dollar is the most bullish of the three commodity currencies on the table, gaining ground as oil rises.
Swiss Manufacturing PMI rose further above the 50 level and Swissie is followed closely by a couple majors.
Final Euro Zone Manufacturing PMI saw no revisions, but unemployment rate declined to 9.8% and Single currency just a fraction North of the Yen.
Final Japanese Manufacturing PMI was revised higher and Yen is level.
Buck declined on weak jobless claims figures and it’s mostly lower, just like the Ozzy Dollar as Australian private capital expenditure dropped faster than expected.
Kiwi Dollar sits at the bottom of the advancers and decliners table.
Weekly bulls chart is led by Sterling/Yen and the pair has appreciated by 2.77%. Australia/New Zealand is the top decliner, standing 1.36% in the red.
Sterling/Yen has had a bullish month and the pair is up by a massive 13.39%. Euro/Sterling has meanwhile depreciated by 7.23%.
I’m Jack Everitt and that’s all for Thursday’s Movers and Shakers. We’ll be back tomorrow with this week’s last report, but for now, goodbye.
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