Movers and Shakers

Volatility is back in the FX markets as Trump’s health care reform takes a hit and UK inflation slows down unexpectedly, so let’s see where this leaves the 8 major currencies. Sterling/Australia saw a couple of steep declines and they have resulted in a loss of almost 2%, which is the day’s biggest move. The RBA monetary policy meeting minutes gave Ozzy Dollar an early boost and it is the most... Еще bullish of the 8 majors on the table. New Zealand Dollar trades up against most of the rivals and it’s close to level with the Swiss Franc. ZEW economic sentiment declined in both the EU and Germany, but the ECB monetary policy meeting is likely going to be the main driver for the Single currency this week. Japanese Yen trades point 32% North of the Loonie Dollar, which is the most bearish of the three commodity currencies on the table. Greenback has been under selling pressure as Trump’s healthcare reform struggles and it’s up only from the Sterling, which plummeted on weak UK inflation figures. So, where do these shifts leave the majors in longer terms? Australia/Greenback has had a bullish week and it’s the only pair that has gained more than 4%. Sterling/Australia has meanwhile depreciated by close to 3%. Canada/Yen tops the monthly bulls table with a gain of 7.53%. Dollar/Canada shows the top decline over the same term and it’s 4.46% in the red. I’m Kiays Khalil and you’ve been watching Tuesday’s Movers and Shakers. Tune in tomorrow for the next report, but for now, goodbye.

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