Let’s find out what’s moving and shaking on the FX Markets at 3 PM GMT on this relatively slow Wednesday.
Sterling has been on a steady slide against the Kiwi Dollar and the pair is down by point 87%, which is the day’s biggest move.
Not a busy day in terms of economic news releases, but Kiwi Dollar traders can’t complain as the RBNZ monetary policy statement is due later in the day and markets are expecting an interest rate cut.
Australian Dollar is just point 15% South of the neighboring top advancer as domestic data was mixed – Westpac consumer sentiment rose by 2%, but home loans grew slower than expected.
Safe-haven Japanese Yen is mostly higher.
Swiss Franc trades a fraction up from a couple of majors – Loonie Dollar and the Single currency as French industrial production disappointed.
Buck is having a generally bearish day, just like the Sterling, which sits at the bottom of the advancers and decliners table.
Moving on to weekly charts, Australia/Swissie tops the advancers table with an increase of 2.47%. Sterling/Australia has had a bearish week and it’s the only pair that has lost more than 4%.
Australia/New Zealand has gained the most ground over a month and the pair is up by 2.5%. Sterling/Australia has meanwhile depreciated the most and it’s 2.1% in the red.
That’s it for this report, but do click back tomorrow for the next run-down. For now, goodbye.
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