Let’s see what’s moving and shaking on the FX Markets at 3 PM GMT on this Halloween Monday.
Dollar/Yen is the mover of the day with an increase of slightly more than a half a percent. Rate movement flattened after the early rise and another rise started forming around 6 o’clock in the morning.
US Personal income and Spending grew as expected, but Chicago PMI declined towards the 50 level and Buck tops the advancers and decliners table.
It’s followed closely by a couple of commodity currencies – Australian and Canadian Dollars. Canadian raw materials price index was reported slipping by one tenth of a percent.
Swiss Franc is a fraction up from the Kiwi Dollar as New Zealand business confidence declined.
German retail sales disappointed, but preliminary Euro Zone GDP and CPI both were reported in line with expectations and Euro is almost level with the UK Sterling.
Safe-haven Japanese Yen wraps up the advancers and decliners table.
So, what’s moving and shaking over longer terms. Euro/Yen has had a bullish week and the pair is up by 1.86%. Canada/Swissie leads the bearish section, standing more than 1% in the red.
Euro/Sterling has gained the most ground over a month and the pair is up by 4.58%, followed closely by Dollar/Yen. The Cable is the most bearish pair and it’s down by 6.47%.
I’m Jessica Walker and that’s all for this edition of the Movers and Shakers, but do click back tomorrow for the next overview. Goodbye.
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