Movers and Shakers

Buck rises and Sterling slumps, so stay with us to find out how the 8 major currencies stack up at 3 PM GMT. Dollar/Yen is the mover of the day with a rise of 1%. The pair has been trending up during most of the day. Greenback rose as hawkish comments by the Federal Reserve officials make a rate hike more likely and it’s the most bullish of the 8 majors on the table. It’s followed by a couple... Еще of commodity currencies – Loonie and Ozzy Dollars. Australian Building approvals declined, but less than expected and this follows an upwardly revised jump of 12%. Euro Zone producer price index slipped by point 2% and Single currency is almost level with the New Zealand Dollar. Swissie is mostly lower and just slightly up from the Sterling, which is under pressure on hard Brexit concerns. Japanese consumer confidence improved, but Yen is at the bottom of the table. Weekly bulls chart is led by New Zealand/Yen and Australia/Yen shows a similar rise. Sterling/New Zealand has depreciated the most and Sterling/Australia is also close to 2% in the red. Euro/sterling had had a bullish month, standing up by 2.84%. Sterling/Australia tops the bearish section with a slide of 4.34%. I’m Celeste Skinner and this wraps up Tuesday’s Movers and Shakers. Make sure you click back tomorrow for the next report, but for now, goodbye.

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