We leave one more dynamic week in the history of FX markets, and in the past seven days we have definitely seen big movements in some of the currency pairs. At first glance, the Brazilian Real is the loser against the US dollar and is the first-biggest loss in percentage terms for the week. The pound is ranked second, but the currency is definitely the first when we talk about scale. Weekly loss against all of its "competitors" - US Dollar, Euro, Franc, Yen, Canadian Dollar, Australian Dollar, Polish Zloty and New Zealand Dollar.
The most profitable currency is the Swiss franc, on a scale and percentage basis, gaining positions against the euro, the pounds, the Australian dollar, the Polish zloty and the Hungarian forint. The euro failed to fight this week with the US dollar, the franc, the Canadian dollar and the Swedish krona. The Turkish lira in recent days was stable, but it stayed behind other currency pairs.
The Czech koruna, the Norwegian krone and the Turkish lira have the impression that they have done the best against the US dollar rather than the euro. The Japanese yen remained mixed, with minimal changes following the alternating risk - on, risk - off positions in the stock markets.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.