Most markets are higher this morning as risk-on sentiment dominates: GBP/USD, NZD/USD, GBP/CAD are showing impressive gains as we move into the afternoon trading session.
Markets are up including news that USD/JPY trades at 135.23 after losing 0.95%. USD/CHF drawing back 0.71% to 0.8867.
Today's rise takes place amid mixed market indicators — United States Crude Oil Inventories released earlier showed a marked improvement to -1.28 million from the preceding data of -5 million, but fell short of the -1.1 million figure forecast by a consensus of market analysts.
Here are the biggest currencies gainers so far today.
+0.49%: bullish currency pair Sterling-Canadian dollar runs out of steam at 1.7097; currently at 1.707
Sterling-Canadian dollar trades at 1.707 after gaining 83 pips (0.49%).
The Kiwi | +0.5% in mid-session
The sentiment that generated 95 pips in cumulative gains over the past 5 days was further evident for the Kiwi. As the session continues, it seems to maintain one direction — the New-Zealand Dollar has rallied 31 pips, or 0.5%, to now stand at 0.6241.
+0.64%: Sterling-Dollar currency pair adds 79 pips or 0.64%
Tentatively higher from an earlier low of 1.2469, the Pound is up to 1.2551 today, adding 79 pips, or 0.64%, to yesterday's closing price of 1.2471.