Movers and Shakers

We are nearing the end of the trading day, so let’s see what has been moving and shaking on the FX markets. The biggest mover of the day is the Kiwi/Yen pair, which has lost 1.61%. The pair has been declining since the beginning of the session, and has not managed to recover from its loss. The continuation of risk aversion in light of tensions between the US and North Korea have kept traders... Еще flocking towards the safe haven yen, which is the most bullish major on the table. The safe-haven Swissie is also benefiting from cautious trading, which is level with the USD after lower-than-expected PPI data from the U.S. has put pressure on the Greenback. The Aussie dollar is the most bullish of the commodity currencies and it sits just slightly above the common currency. Iraq’s strengthening commitment to OPEC cuts has been good news for oil, and in turn the Loonie Dollar, which is just above the Sterling, which has felt the pressure today after disappointing trade data. The RBNZ issued a stark warning to markets that a weaker local currency was needed, and as a result the Kiwi has lost a lot of ground against the majors, and it is the most bearish on the table. So let’s move on to longer term charts where the Aussie/Kiwi is the biggest advancer in weekly terms, gaining 1.37%. The Kiwi/Yen is the most bearish pair over the same period of time with a loss of 2.52%. Looking at our monthly chart Aussie/Greenback has gained the most ground, with a rise of 3.7%. And the Dollar/Yen has declined the most over this time frame, with a loss of 4.28%. So that’s what’s been moving and shaking on the FX markets today. I’m Kiays Khalil, be sure to keep checking back for all of the latest updates on the forex markets with us here at Dukascopy TV.

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