Currency markets were calm during most of this Friday, but all of that changed after Janet Yellen spoke, so let’s have a look.
Kiwi Dollar was trading in a narrow range against the Swissie for hours and a steep rise puts the pair point 83% in the green at 3 o’clock, which is the day’s biggest move.
US stock indexes have jumped higher and commodity currency trio trades on top of the advancers and decliners table.
New Zealand Dollar point 17% up from the neighboring Australian Dollar, which is then in turn point 19% up from the Loonie Dollar.
Safe-haven Japanese Yen is followed closely by the Buck. Federal Reserve Chairwoman Janet Yellen spoke at the annual economic symposium in Jackson Hole, leaving possibility for a rate rise on the table.
Second estimate of the UK GDP brought no changes and Sterling is just slightly South from the Buck.
German GFK Consumer Climate was reported improving slightly, but Single currency is having a generally bearish day and it trades just slightly up from the Swiss Fran, which is the most bearish major at the moment.
Let’s take a look at longer terms, where Sterling/Swissie takes the top spot on the weekly advancers table with an increase of more than 2%. Euro/Sterling has declined the most and the pair is 1.58% in the red.
Kiwi Dollar has a bullish run against the Buck over past month and the gain measures at 3.87%. Dollar/Yen tops the bearish section, standing 4.73% in the negative territory.
I’m Celeste Skinner and this wraps up Friday’s Movers and Shakers. Have a nice weekend and check back on Monday for more on FX Markets. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#192474
Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt