12.07.2016 – Movers and Shakers by Dukascopy

By | July 12, 2016

US stock indexes are rising, just like Starbucks prices, as announced this Tuesday, so let’s see where the 8 major currencies stand.
Sterling has surged against the Yen and the pair has gained a massive 3.55%, which is the day’s biggest move.
UK political tensions have eased and Sterling leads the advancers and decliners table, followed by the commodity currency trio that tends to benefit from improved risk appetite.
Australian business confidence rose and Australian Dollar is followed by the neighboring New Zealand Dollar, which is then in turn point 12% up from the Loonie Dollar.
Single currency is point 32% up from the Buck as US wholesale inventories advanced slower than expected and Greenback is followed by the Swiss Franc.
Japanese Yen is having a bearish day and it’s at the bottom of the advancers and decliners table.
Sterling has recovered some of the recent losses and Australia/Yen is the top weekly advancer with a rise of almost 4%. Sterling/Australia tops the bearish table with a slide of 2.74%.
Euro/Sterling has gained the most ground over a month and the pair is up by 7.6%. Sterling/New Zealand is the most bearish pair with a drop of close to 13%.
I’m Sam Meredith and you’ve been watching the Movers and Shakers for Tuesday. Click back on Wednesday, but for now, goodbye.

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