It’s 3 PM GMT this Monday, and it’s time for the Movers and Shakers Report.
Canada/Yen has been moving lower for most of the session, and it is the Mover of the Day with a loss of point 96%.
The week has started in a risk-averse mood, as Yen is the most bullish of the eight majors, a fraction up from another safe haven currency, the Swissie.
The latest German Ifo Business Climate data surpised on the upside, and the Common Currency is point 12% up from the Buck.
Sterling is still reeling from the impact of declining PMI data, although it does stand a bit higher than Aussie Dollar.
Kiwi Dollar is trading lower ahead of the upcoming foreign trade data, but it is point 38% up from the Loonie, which is at the bottom of the Advancers and Decliners chart.
And here’s how things look on the long-term charts. Dollar/Canada is the most bullish pair in weekly terms, having gained 2.1%, whereas New Zealand/Dollar tops the bearish chart with a loss of 2.11%.
Euro/Sterling remains the top performer over a month, as it’s up by 8.96%. The Cable has lost 10.69% over the same period, and it is the most bearish pair.
I’m Sam Meredith and that’s what’s been moving and shaking this Monday. We’ll be back tomorrow to cover the latest developments, so check back.
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