Let’s find out what’s moving and shaking on the FX Markets this Monday in the aftermath of the Brexit.
Sterling/Yen is the mover of the day with a drop of 2.57%. The pair started moving sharply down after 8 o’clock in the morning.
Economic calendar is relatively light and safe-haven Japanese Yen tops the advancers and decliners table, standing point 55% up from the Buck as US trade deficit expanded and Flash Services PMI stood unchanged.
Mario Draghi speaks later in the day and Single currency is followed closely by the Loonie Dollar, which is the most bullish of the three commodity currencies.
Swiss Franc trades almost level with the Kiwi Dollar as New Zealand trade surplus surprised on upside.
Australian Dollar is up only from the UK Sterling, which is the most bearish of the 8 majors, extending its record sell-off following the Brexit referendum.
Weekly bulls chart is led by Euro/Sterling, which has surged by almost 6% over the past week. Sterling/Yen has plummeted by close to 10% over the same term.
Euro/Sterling tops the monthly bulls chart with a gain of more than 10%. Sterling/Yen has lost a massive 17.25% over the past month.
I’m Celeste Skinner and you’ve been watching the Movers and Shakers for Monday. Check back tomorrow, but for now, goodbye.
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