Weekend is almost here now, so let’s find out what’s moving and shaking on the FX Markets.
The Cable has declined by more than 1%, which is the day’s biggest move. Early hours were calm, followed by a sharp slide, which started after 6 o’clock in the morning.
US stock indexes have opened in the red, but Buck trades on top of the advancers and decliners table as US CPI was stronger than expected.
Japanese Yen is mostly higher and it’s followed by a couple of commodity currencies – Ozzy and Loonie Dollars. Canadian manufacturing sales disappointed with a fractional rise.
Italian trade surplus rose sharply and Single currency trades in a close range with the Kiwi Dollar and the Swiss Franc.
Then there’s a bit of a gap and Sterling wraps up the advancers and decliners table.
Dollar/Canada has had a bullish week and the pair has gained 1.67%. Canada/Yen has depreciated the most over the same term, standing 2.27% in the red.
Sterling/Canada shows the top advance over a month and the pair is up by 3.67%. Australia/New Zealand leads the bearish section with a slide of 2.46%.
I’m Kiays Khalil and this wraps up the Movers and Shakers for Friday. Have a nice weekend and check back on Monday for more. Goodbye.
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