29.07.2016 – Movers and Shakers by Dukascopy

By | July 29, 2016

It’s the last day of the trading week-so let’s see what’s moving and shaking on the FX markets.
The biggest mover of the day is the Dollar/Yen which has declined slightly more than 2%. Trading has been bearish throughout the day, with a sharp drop around 3AM this morning, and it has not since managed to recover from the loss.
The top advancer of the day is the Japanese Yen. The yen is surging against its rivals after stimulus measures from the Bank of Japan underwhelmed.
The Kiwi Dollar tops the Commodity currencies, up point 49% from the Aussie.
The KOF Leading Economic Indicator for Switzerland surprised on the upside, and the Swissie trades point 15% above the common currency.
The Loonie Dollar is the worst performing out of the commodity trio, and it trades just below the Sterling.
And US economic growth data fell short of expectations, making the Dollar the most bearish out of the 8 majors.
Let’s see how the currencies are performing in the longer term. The New Zealand/US Dollar has gained 2.74%, and it is the biggest advancer for the week. Over the same time period the Dollar/Yen has lost 3.34% making it the most bearish pair.
Euro/Sterling has advanced the most in monthly terms, gaining a total of just more than 3%. And Sterling/Aussie has lost 4.12%, and it is the biggest decliner over the same time period.
I’m Celeste Skinner and these were the movers and shakers for Friday. Tune in on Monday for all the latest currency moves, but for now, goodbye.

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