FX Markets have seen plenty of moving and shaking on this Thursday, so let’s find out how the 8 majors line up at 3 PM GMT.
Ozzy Dollar has been on a sharp slide against the Japanese Yen and the pair has lost 3.42% in two waves.
Bank of Japan kept monetary policy unchanged and Japanese Yen surged, standing a massive 1.94% up from the closest followed, which is the Greenback.
US CPI data showed inflation advanced at a slower than expected pace of point 2%.
No changes to monetary policy by the SNB as well and Swiss Franc is mostly higher.
Bank of England officials keep warning of the Brexit risks and Sterling trades in a close range with the Single currency as Euro Area Finalized CPI was unchanged.
Commodity currencies are under pressure and Loonie Dollar is the most bullish one of them.
Overnight New Zealand GDP release surprised on upside, but New Zealand Dollar is up only from the neighboring Australian Dollar, which wraps up the list, despite a stronger than expected Australian change in employment.
So, how do these rate swings reflect on longer terms. Buck has surged against the Loonie Dollar by 2.62% over the past week. Sterling/Yen has meanwhile recorded a massive drop of 5.1%.
New Zealand/Canada tops the monthly bulls table with an increase of 3.76%. Sterling/Yen is the top decliner with a slide of 7.27%.
I’m Celeste Skinner and that’s it for Thursday’s overview, but do click back tomorrow for this week’s last release. Goodbye.
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