4 Dec 2013
Flash: AUD the biggest FX mover overnight - BMO Capital Markets
FXstreet.com (Barcelona) - FXstreet.com (Barcelona) - Gregg Anderson, Global Head of Currency Strategy at BMO Capital Markets notes that the biggest mover in FX markets overnight has been AUD.
Key Quotes
"="">AUD/USD has tumbled by -1.2% on the back of slightly weaker than expected GDP and Hockey’s accompanying comments. Slightly disappointing Chinese data might also be a negative influence on AUD but it didn’t seem to matter forrong>CNY with the Chinese fix printing a new all-time low of 6.1300."
"NZD was dragged down alongside AUD and it is down about -0.6%. That still puts AUD/NZD at another new cycle low of 1.101—a level not seen since 2008. European currencies have been generally quiet, although we did see a minor spike in EURGBP on the back of the UK Servicesrong>PMI disappointment."
Key Quotes
"="">AUD/USD has tumbled by -1.2% on the back of slightly weaker than expected GDP and Hockey’s accompanying comments. Slightly disappointing Chinese data might also be a negative influence on AUD but it didn’t seem to matter for
"NZD was dragged down alongside AUD and it is down about -0.6%. That still puts AUD/NZD at another new cycle low of 1.101—a level not seen since 2008. European currencies have been generally quiet, although we did see a minor spike in EURGBP on the back of the UK Services