Let’s see what’s moving and shaking among the 8 major currencies on this week’s opening trading day.
The Cable is the mover of the day with a rise of 1.23% as the pair jumped hours into the trading day.
Economic calendar is light on this Monday and Sterling takes the top spot on the advancers and decliners table.
Commodity currency trio is up against most of the rivals and New Zealand Dollar is the most bullish one of them, despite a disappointing overnight Core Retail Sales report.
Canadian wholesale sales dropped by 1.2% and Canadian Dollar is a fraction up from the Australian Dollar.
ECB’s Mario Draghi will speak later in the day and Euro stands point 22% up from the Swiss Franc ahead of the speech.
Japanese Yen is mostly lower and it’s just slightly up from the Buck, which is the most bearish major on the table as the 10 day bullish streak comes to an end.
Moving on to longer term performance charts, Canada/Yen has gained the most ground over a week, standing close to 5% in the green. Australia/Canada is the top decliner and it’s the only pair that has lost more than 3%.
Sterling/Yen leads the monthly bulls chart with a rise of 8.96%. Euro/Sterling has meanwhile depreciated by 4.51%.
I’m Jack Everett and this wraps up Monday’s Movers and Shakers, but do click back tomorrow for the next report. Goodbye.
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