Economic calendar is relatively light on this Monday, but there is some moving and shaking on the FX Markets, so let’s find out more.
Australia/Yen was calm during the early trading hours, but a following surge has resulted in a gain of 1.16%, which is the day’s biggest move.
Commodity currency trio leads the advancers and decliners table and Australian Dollar is on top of the table as China trade surplus expanded.
New Zealand Dollar is just slightly up from the Loonie Dollar, which is also having a bullish day, despite a drop of 5.5% in Canadian building permits.
Greenback is followed closely by the Single currency as Euro Zone Sentix investor confidence rose more than expected.
UK Sterling is almost even with the Swiss Franc, which is up only from the safe-haven Japanese Yen.
So, where do these 8 majors stand in longer terms. Weekly advancers table is led by Australia/Swissie and it’s the only pair that has gained more than 2%. Sterling/Australia shows a similar slide and it’s the top decliner.
Australia/Yen has had a bullish month and the pair is up by close to 4%. Euro/Australia leads the bearish section with a decline of more than 2%.
I’m ___________ and this brings Monday’s Movers and Shakers to an end. Check back tomorrow, but for now, goodbye.
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