Bank of Canada has released rate statement and Bank of England will do so tomorrow, so let’s find out what’s moving and shaking on the FX Markets.
Sterling/Swissie started moving South after 6 o’clock and the pair stands point 99% in the red, which is the day’s biggest move.
Swiss Franc tops the advancers and decliners table and it’s followed closely by the Loonie Dollar, which rose as the Bank of Canada left benchmark interest rate unchanged at a half a percent level.
Single currency is mostly higher, despite a report that the bloc’s industrial production declined more than expected.
Safe-haven Japanese Yen is a fraction up from the Ozzy Dollar ahead of key Australian employment report out early tomorrow.
New Zealand Dollar is mostly lower and it’s just slightly up from the Buck as US import prices grew at a slower pace than anticipated.
Sterling’s roller coaster continues and it’s the most bearish of the 8 majors on this Wednesday.
Weekly bulls chart is led by New Zealand/Yen and there are two pairs that have gained more than 6%. Euro/New Zealand tops the bearish table, standing 2.45% in the red.
Euro/Sterling has gained the most ground over a month and it’s up by almost 6%. Sterling/New Zealand had depreciated the most over the same term and it’s 10.27% in the negative territory.
I’m Celeste Skinner and this wraps up Movers and Shakers for Wednesday. Join us again tomorrow, but for now, goodbye.
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