Let’s see how the 8 major currencies line up on the advancers and decliners table at 3 PM GMT on this Tuesday.
Kiwi Dollar has been on a slide against the Yen, moving South in a couple of waves and the pair has declined by more than 1%, which is the day’s biggest move.
The US stock indexes have opened well into the negative territory and a safe-haven Yen tops the table as Japanese Economy watchers sentiment slipped.
Prospects of a rate hike by the Fed are driving the Greenback higher and it’s only slightly South of the top advancer.
Loonie Dollar is the most bullish of the three commodity currencies as Canadian housing starts were strong.
Swiss Franc is followed closely by the Single currency. Both the Euro Zone and German ZEW Economic sentiments surprised on upside.
Australian business confidence was unchanged, but home loans disappointed and Ozzy Dollar trades point 16% up from the Sterling, which remains driven by the Brexit.
RBNZ Assistant Governor John McDermott said the central bank still expected to cut interest rates, sending the Kiwi Dollar lower and it wraps up the advancers and decliners table.
So, where do these 8 majors stand in longer terms. Euro/Sterling has had a bullish week and the pair is up by more than 4%. The Cable has lost even more and it’s down by 5.47%.
Euro/Sterling leads the monthly bulls table with an increase of 7%. The Cable has declined the most and the loss measures close to the 8% mark.
I’m Jessica Walker and this wraps up Movers and Shakers for Tuesday. Click back tomorrow for full coverage of the FX Markets, but for now, goodbye.
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