Dukascopy Movers and Shakers 25082009 Rachelle Akuffo

Dukascopy Forex TV is back with the Movers and Shakers broadcast. Im ___________ with a look at how the currency rates have developed this Tuesday, August 25th.
As usual, we begin with the days largest move. It comes from Euro/Sterling, which added point 45% or 39 and a half pips to its value in a series of leaps spread across the day. It must be noted that Euro/Norwegian Krona and Pound/ Swiss Frank changed at almost identical rate by point 44% up and down respectively.
The former pair also sets the total distance within which the majors have fit in relation to each other, with three top currencies posting identical performance so far.
Swiss Frank is one of them. Fears of any response from the countrys central bank could be premature, given todays very narrow margins.
New Zealand Dollar is another one, posting slightly bigger gains than other commodity majors.
The Euro is there as well. Finalized German GDP came in as expected, providing a mild boost. However, main support came from positive US data.
Australian Dollar is just 6 basis points behind this group. Todays slide in Shanghai Composite must have taken some wind out of Aussies sales, as Australian currency looks more dependent on Chinese news than other high-yielders.
Japanese Yen follows with a gap of 2% from the trio of top advancers. No shortage of risk-positive news today, but the Yen was supported in the Asian session both by sliding equity markets and pre-settlement demand from Japanese exporters.
US Dollar stands point 05% lower than the Yen. Both domestic house prices and consumer confidence gave the markets some appetite for risk, but downwardly pressure on the Greenback was short-lived and it stayed resilient through firm opening in Ney York stock-trading session.
Canadian Dollar stands second last, but the actual lag in percentage terms is not large. Loonie was pinned down a bit when US equities saw correction after peaking on better than expected consumer confidence report.
British Pound continues to carry the weight of concerns over the countrys economic situation. Investors are not confident in governments financial policies and lack of response to inflation issues from the BoE is also listed as a source of bearish attitude.
Euro/Sterling is the weekly advancer with a growth rate of 2.53%. Kiwi/Dollar posts steepest monthly growth 4.74%. Dollar/ Swedish Krona is still firmly set as both the weekly and the monthly decliner, falling by 3.07% and 6.04% in these timeframes respectively.
This concludes Tuesdays Movers and Shakers. We will return tomorrow to give you a fresh update. Goodbye.

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