Most markets are higher this morning as risk-on sentiment dominates: NZD/USD, AUD/USD, EUR/USD are showing impressive gains as we move into the afternoon trading session.
Markets are up as USD/CHF trades at 0.888 after losing 0.86%. USD/CAD drawing back 0.74% to 1.3342.
Today's rise takes place amid mixed market indicators — Producer Price Index in United States fell short of market expectations (0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0%.
Here are the biggest currencies gainers so far today.
The Kiwi | +1.45% in mid-session
After closing yesterday at 0.6217, NZD/USD trades at 0.6307 today after making its biggest single-day jump of 90 pips (1.45%) recently. The New-Zealand Dollar is now trading 11.69% away from its significant low of 0.5566 first tested 6 months ago.
+0.47%: bullish currency pair the Euro runs out of steam at 1.1071; currently at 1.1046
Heading in the same direction for now — the Euro trades at 1.1046 after gaining 52 pips (0.47%).
The Australian dollar | +1.38% in mid-session
The Australian dollar continues a 3 day surge, reaping a total of 2.25%. Consistent for now — Aussie-Dollar trades at 0.6789 after gaining 92 pips (1.38%).