We’re back with this week’s first edition of the Dukascopy FX Movers and shakers.
Australia/Yen is the mover of the day with a gain of 1.2%. Sharpest rise took place during the early trading hours and the pair continued to trend higher afterwards as well.
Commodity currency trio leads the advancers and decliners table and Australian Dollar is the most bullish major, despite a drop in local building approvals.
New Zealand business confidence numbers are out later in the day and Kiwi Dollar trades point 17% South of the neighboring Ozzy Dollar.
Loonie Dollar is the last of the three commodity majors as RBC Manufacturing PMI edged slightly lower.
Swiss Franc is point 17% up from the Single currency and Euro Zone Sentix investor confidence was reported plummeting.
UK Construction PMI plunged below the 50 level and Sterling is close to level with the Buck as US celebrated Independence Day.
Wrapping up the advancers and decliners table is a safe-haven Japanese Yen.
Weekly bulls chart is led by Euro/Sterling and the pair is up by 2.79%. Sterling/New Zealand leads the bearish table with a slide of 3.36%.
Euro/Sterling has gained the most ground over a month and it’s 8.21% in the green. Sterling/Yen is the top decliner and it’s 13.66% in the red.
I’m Kiays Khalil and this is how the 8 majors line up on this Monday. Check back tomorrow, but for now, goodbye.
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