Helicopter money is off the table, at least for a while. Let’s find out where this leaves the 8 majors.
Canada/Yen is the Mover of the Day with a drop of more than 1%. The pair did go up before half past 4 in the morning, but the subsequent movement was much more bearish.
The Bank of Japan did not expand its monetary stimulus programme, and Yen is the most bullish major by a wide margin, no less than point 62% up from the Aussie.
The latest Swiss National Bank bulletin suggests policy makers are cautiously optimistic about the prospects of Swiss economy, and Swissie is point 21% up from the Buck.
Traders are waiting for the upcoming Reserve Bank of New Zealand interest rate announcement, and the Kiwi is almost level with the Common Currency.
UK budget deficit was smaller than anticipated in August, and Pound is a fraction up from the Loonie, which is the most bearish major.
And here’s how things look in the long-term. Australia/Swiss Franc tops the weekly chart with a gain of 1.79%, whereas Pound/Yen is the most bearish instrument, having lost 3.31%.
New Zealand/Canada has gained most over a month, standing 2.64% in the green, and Euro/New Zealand tops the bearish chart with a decline of more than 2%.
I’m Sam Meredith and that’s what’s been moving and shaking on this Wednesday. We’ll be right back tomorrow to cover the latest developments, but for now, goodbye.
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