It’s 3PM GMT so let’s see what’s been moving and shaking on the FX markets today.
The biggest mover of the day is the Pound/Japanese Yen which has declined point 76%. The pair has been steadily declining throughout the day, and has not managed to reverse the downward trend.
Despite disappointing Japanese trade figures, weak Chinese Inflation data has seen investors flock to the safe haven yen, and it is the top advancer of the day, trading point 14% up from the Kiwi dollar.
Weaker-than-expected NAB Business Confidence Index data did dent demand for the Aussie Dollar and it currently sits slightly below the common currency.
And wrapping up the commodity trio is the Loonie dollar which is point 17% higher than the swissie.
The US Dollar exchange rate strength has been restored by July Non-Farm Payrolls out on Friday, however the greenback sits near the bottom of the table, only up from the Pound by point 36%.
So let’s move on to our longer term charts where the Australia Dollar is featuring in all of our crosses. Aussie/Swiss Franc is the biggest advancer in weekly terms, with a gain of 2.66%. In the same time period the Sterling/Aussie is the most bearish having lost 3.21%. The Australia/Yen has posted the biggest gain over the past month of 3.51%. And the Euro/Aussie has lost the most during the same amount of time, and that is a decline of almost 2%.
I’m Celeste Skinner and these were the movers and shakers for Tuesday. Tune in tomorrow so see what’s happening on the FX markets, see you then.
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