It’s Thursday, 4th of August and these are the benchmark interbank price stats for the 3 non-cross majors.
Euro/Dollar’s long term average spread is point 23 pips and max separation has been 2.7 pips.
Single currency has been on a slide against the Buck, declining by point 71% or 80 pips from the high of 1 1205.
Spreads were sent higher by the US ADP employment report yesterday at a quarter past noon GMT, but 2.7 pips is the biggest separation you should have seen.
Pound/Dollar’s daily average is slightly above 1 pip and both of the sides were 6 pips apart yesterday.
The Cable’s high and low difference is 93 pips and it was posted as the rate declined by point 7%.
Spreads were above their usual level for a while yesterday during the US ADP employment report, but 6 pips is the line that shouldn’t have been crossed.
Last up is the Dollar/Yen, which has long term average and maximum spreads of point 43 and 3.1 pips respectively.
The pair shot up from the low of 100 86, gaining point 8% or 81 pips.
The same US ADP employment report has had the most pressure on the spreads here as well, but anything far above the max of 3.1 pips should be questioned.
I’m Kiays Khalil and this was the main Spike Controller for Thursday. As usual, these stats will be updated every hour, so stay tuned.
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