Here’s what’s moving and shaking on the FX Markets at 3 PM GMT on this Tuesday.
Swiss Franc was on a rise against the Yen up to approximately noon and the pair is up by slightly more than 1%, which is the day’s biggest move.
Swiss trade surplus jumped and Swissie is the most bullish of the 8 majors on the advancers and decliners table, followed closely by the Kiwi Dollar, which is point 18% up from the neighboring Australian Dollar.
UK voters will head to the EU referendum polls in a couple of days and it remains the main driver for the Sterling, which was having a generally bullish.
Fed’s Chair Janet Yellen spoke, saying gradual pace of rate hikes seems appropriate and Buck is point 11% up from the Loonie Dollar.
German and Euro Zone ZEW economic sentiments both surged, but Draghi’s speech put pressure on the Single currency, which is up only from the safe-haven Japanese Yen.
Let’s move on to longer terms, where Sterling/Canada shows the top rise over a week, standing more than 3% in the green. Canada/Yen is the most bearish pair and it’s down by 2.93%.
Last month has been bullish for the New Zealand/Greenback and the pair has appreciated by 5.4%. Euro/New Zealand leads the bearish table with a slide of 5.37%.
I’m Lucy Palfreeman and these were the Movers and Shakers for Tuesday. Click back tomorrow, but for now, goodbye.
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