It’s 3 PM GMT on this Friday and time for us to find out what has been moving and shaking on the currency markets.
Sterling/Swissie is the mover of the day with a decline of slightly more than 1%. The pair started moving sharply South after 9 o’clock in the morning.
The US stock indexes have opened in the red and Swiss Franc leads the advancers and decliners table, followed closely by the Japanese Yen.
Preliminary University of Michigan Consumer Sentiment slipped, but less than estimated and Buck trades point 14% up from the Loonie Dollar, which rose on strong employment data.
French and Italian industrial production reports surprised on the upside, but Single currency is mostly lower and just slightly up from the Australian Dollar.
Kiwi Dollar is giving up some of the recent gains and it’s point 4% North of the Sterling, which is the most bearish of the 8 majors on the table.
Kiwi Dollar has still gained the most ground over a week, standing 2.26% up against the Yen. Sterling/New Zealand is the top decliner with a slide of 3.36%.
NZD/Buck leads the monthly bulls table, standing 3.82% in the green. Euro/New Zealand has depreciated the most and the pair is down by almost 5%.
I’m Sam Meredith and that’s it for Friday’s Movers and Shakers. Enjoy your weekend and join us again on Monday for full coverage of the FX Markets. Goodbye.
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