The European trading is over on this Wednesday, so let’s see what has been moving and shaking in the currency markets.
As usual, we start with the Mover of the Day, which is the Canada/Euro. The pair started moving lower after half past 7, losing a total of point 8%.
The latest Bank of Canada Monetary Policy Statement brought no interest rate changes, and Loonie Dollar is the most bullish major, up point 2% from the Yen.
Two other commodity currencies, the Antipodes, are trading within a narrow range of each other, with Aussie the most bullish of both.
The latest UK Labour Report came in slightly better than anticipated, and Sterling is sandwiched the Aussie and Kiwi.
US Building Permits rebounded in September, and Greenback is trading slightly up from the Swissie.
And the Common Currency is the most bearish major ahead of tomorrow’s ECB statement.
New Zeland/Dollar has gained most in over a week, standing more than 2% in the green, while Euro/New Zealand posts the biggest decline, namely, 2.38%.
Euro/Pound still remains the top performer in monthly terms, as now it’s 4.19% in the green, and Pound/Australia has lost the most over the same period, namely, 7.27%.
I’m Celeste Skinner and these were the Movers and Shakers for Wednesday. We’ll be right back tomorrow to cover the latest developments, but until then, goodbye.
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