It’s 3PM GMT so it’s time to have a look at what’s moving and shaking on the FX market today.
The biggest mover of the day is the Pound/Swiss Franc which has lost slightly more than 1%. The pair has been steadily declining throughout the trading session and it has not managed to make a recovery.
The top advancer of the day is the safe haven Swissie which has gained point 14% against the common currency.
The BOJ issued a policy statement today, but the bank’s monetary policy stance still remains unclear and the Yen sits in third place on the table.
Concerns over yesterdays decision from the US Fed to keep rates unchanged has carried over into today’s trading and the US Dollar sits just above the Aussie Dollar.
The Loonie is up point 13% from the Kiwi which is the weakest of the commodity currencies.
Despite strong data being released in the past 24 hours, expectations for an interest rate cut from the Bank of England in August has seen the sterling lose ground against its rivals, and it is the most bearish of the 8 majors.
Now let’s see how the currency pairs have been performing over the past week. Topping the advancers table is the New Zealand/Canada which has gained 2.51%. In the same time period the Loonie/Yen has lost 2.4%.
In monthly terms it is the Aussie Dollar/Yen that tops the bullish table, having gained 4.19%. And the Pound/Aussie has lost 3.38% over the past month, making it the most bearish pair.
I’m Celeste Skinner and these were the movers and shakers for Thursday. Tune in tomorrow to see how the 8 majors are performing on the last day of trading for the week. See you then.
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