It’s 3 PM GMT, and it’s the end of the trading day in European markets. Let’s see what has been moving and shaking.
Euro/Yen is the Mover of the Day with a gain of point 88%. The pair spiked early in the session, although it lost some ground afterwards.
European stocks have been rising for the past 3 days, and the Common Currency has risen with them.
US Durable Goods Orders slipped in June, but the Buck still has outperformed most of its rivals ahead of the Fed interest rate statement.
Swiss UBS Consumption Indicator rebounded in June, and Swissie is trading mostly higher.
UK Second Quarter GDP came in slightly stronger than anticipated, and Pound is a fraction up from the Loonie.
Another commodity currency, the Kiwi, finds itself just a touch lower.
The latest Australian CPI data showed weak price growth, and Aussie is trading near the bottom of the Advancers and Decliners table.
And Yen is the most bearish major as traders are anticipating more monetary stimulus from the Bank of Japan.
Moving on to the weekly chart, New Zealand/Canada is the top performer with a gain of 1.36%, whereas Canada/Yen shows the biggest decline, having lost more than 2%.
Australia/Yen has gained most over a month, as it stands 5.76% in the green. Pound/Australia is the most bearish pair with a decline of 1.77%.
I’m Sam Meredith and these were the Movers and Shakers for Wednesday. We’ll be right back tomorrow, but for now, goodbye.
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