This Thursday has been busy with market shakers, so let’s find out how the 8 major currencies stack up at 3 PM GMT.
Sterling/Canada is the mover of the day with a decline of point 71%. Gradual downtrend started after 4 o’clock in the morning.
Commodity currency trio tops the advancers and decliners table and Loonie Dollar is the most bullish one, followed closely by the Kiwi Dollar, despite a disappointing overnight New Zealand GDP release.
Australian unemployment rate slipped, but employment change disappointed and Ozzy Dollar is slightly South of the neighboring Kiwi Dollar.
Swiss Franc trades just a fraction up from the safe-haven Japanese Yen following the SNB quarterly monetary policy assessment.
US Industrial production and retail sales both disappointed, making a September rate hike less likely and Buck is mostly lower.
Finalized Euro Zone CPI was unchanged and Single currency is up only from the Sterling, which wraps up the advancers and decliners table as Bank of England said another rate cut is possible this year.
Weekly bulls table is led by Euro/Australia and the pair has gained 2.45%. Australia/Dollar has depreciated the most, standing 2.76% in the red.
Moving on to monthly charts, Sterling/Australia shows the top advance and the pair is up by 4.57%. Australia/New Zealand leads the bearish section with a slide of close to 3%.
I’m Kiays Khalil and you’ve been watching the Movers and Shakers for Thursday. Check back for Friday’s report, but for now, goodbye.
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