We are hours away from the Fed announcement, so let’s see how the 8 major currencies line up.
New Zealand/Canada has been on a sharp rise throughout the day and the pair has gained 1.38%, which is the day’s biggest move.
Overnight New Zealand employment data was positive and Kiwi Dollar takes the top spot on the advancers and decliners table.
Japanese Yen is mostly higher on safe-haven flows as Donald Trump gained ground in recent polls.
UK Construction PMI increased, providing support for the Sterling, which is followed closely by the Swiss Franc.
Final Euro Zone Manufacturing PMI was revised higher, but less than expected and Single currency is a fraction South of the Swissie.
Australian building approvals disappointed and Ozzy Dollar is mostly lower.
US ADP Non-Farm Employment change was short of market estimates and Buck is up only from the Canadian Dollar ahead of the FOMC statement, which is out later in the day.
Moving on to longer terms, New Zealand/Canada shows the biggest rise over a week and it’s the only pair that has gained more than 2%. Canada/Swissie leads the bearish section with a decline of 2.47%.
Euro/sterling is on top of the monthly bulls chart with a rise of slightly more than 3%. Sterling/New Zealand has had a bearish month and it’s down by 4.46%.
I’m Jack Everitt and that’s it for Wednesday’s Movers and shakers. Click back for more on FX markets, but for now, goodbye.
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