It’s the last day of the trading week-so let’s see what’s moving and shaking on the FX markets today.
The biggest mover of the day is the Pound/Dollar which has declined a fraction more than 1%. The pair saw a steep drop after 7AM this morning, and has not managed to recover from its loss.
The top advancer of the day is the US Dollar as rising Fed hike odds are proving very beneficial for the currency.
The Yen is the best performing of the safe havens and sits slightly higher than the kiwi dollar.
The Eurozone PMI Composite Index came in above market expectations, and Germany and France also saw better than anticipated results, leaving the common currency slightly up from the Swissie.
Positive retail and inflation numbers have seen the Loonie strengthen, and poor data from the UK’s Services PMI for this month had the sterling lose point 23% against the Aussie-making the pound the most bearish of the 8 majors.
So let’s move on to longer term charts where the Euro/New Zealand is the biggest advancer in weekly terms with a rise of 1.5%. The Kiwi/US Dollar is the most bearish pair over the same time period with a loss of 1.97%.
The Euro/Pound has had the biggest gain in the past month, advancing 9.56%. And Pound/Dollar has lost 10.88% and it is the month’s biggest decliner.
I’m Celeste Skinner and these were the movers and shakers for Friday. Tune in on Monday for all the latest currency movements, but for now, goodbye.
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