The IMF has cut its global growth forecast for the next two years, so let’s find out how this reflects on FX market movers and shakers.
Ozzy Dollar has been on a slide against the Buck and the pair has plummeted by 1.25% to post the day’s biggest move.
US building permits and housing starts both increased and Buck tops the advancers and decliners table, followed by the safe-haven Japanese Yen, which is close to level with the Swiss Franc.
New Zealand Dollar is the most bullish of the three commodity currencies on the table and it’s point 18% up from the Euro as German and Euro Zone ZEW economic sentiments plummeted well into the red.
Canadian Dollar trades point 45% up from the Sterling. UK CPI was reported rising more than expected earlier in the day.
Reserve Bank of Australia monetary policy meeting minutes showed officials warning of issues caused by strengthening Ozzy Dollar and it’s the most bearish major at the moment.
Sterling/Yen has had a bullish week and the pair has gained more than 7%. New Zealand/Canada has lost the most ground over the same term, standing above 4% in the red.
Euro/Sterling tops the monthly advancers table with an increase of more than 6%. Sterling/Australia is the only pair that has lost more than 8% and it’s the most bearish pair.
I’m Sam Meredith and this is how the 8 majors line up at 3 PM GMT. Click back tomorrow for the next overview, but for now, goodbye.
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