Rollercoaster is one way to describe what’s been going on the FX markets this week, so let’s see where the 8 majors stand at 3 PM GMT on this Friday.
Dollar/Yen is the mover of the day with an increase of point 73% and the pair shot up during the early trading hours.
US retail sales report was strong and Buck tops the advancers and decliners table as the most bullish major.
Loonie Dollar is up against most of the rivals, despite a decline of 1% in Canadian manufacturing sales.
Swiss Franc trades in a close range with the Single currency.
Positive China data provided support for Australian Dollar, but it’s mostly lower, trading point 17% up from the Kiwi Dollar, which is the most bearish of the three commodity currencies on the table.
Sterling is up only from the safe-haven Japanese Yen, which wraps up the advancers and decliners table.
Let’s find out where the 8 majors stand in longer terms. Sterling/Yen leads the weekly bulls table with an increase of more than 8%. New Zealand/Canada tops the bearish section with a slide of 3.48%.
Euro/Sterling has gained the most ground over a month and it’s the only pair that has gained more than 5%. Sterling/Australia has depreciated the most and the pair is 8.68% in the red.
I’m Celeste Skinner and that’s all for this week. Have a nice weekend and click back on Monday for more.
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