Markets have seen their fair share of moving and shaking this Monday morning, so let’s find out more.
Euro/Australia started moving lower after half past 4 in the morning, and it is the Mover of the Day with a loss of point 68%.
There has been a marked change in risk appetite, and commodity currencies are very much in demand, so Aussie is the most bullish major, albeit by the thinnest of margins.
The reason for this sudden change is the latest UK Brexit poll, which puts the Remain vote ahead, and Pound has staged a bit of a comeback.
Two commodity currencies, the Kiwi and the Loonie, are trading almost level with each other.
The sudden taste for high-yield assets has pushed safe havens lower, with Yen is trading just a fraction North from the Swissie.
And, moving a touch lower, we get to the Greenback, which, in turn, is almost level with the Common Currency.
Moving on to the long-term charts, Pound/Canada has gained the most over a week, as it stands 2.64% in the green, whereas Canada/Yen has lost 2.58% during the same period, and it is the most bearish pair.
New Zealand/Dollar tops the monthly Advancers chart with a gain of 5.18%, and Pound/New Zealand posts the biggest slide, having lost 4.65%.
I’m Celeste Skinner and this was the Movers and Shakers Report for Monday. We’ll be right back tomorrow to track the latest developments in this fast-changing market, so do check back.
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