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.
The US dollar is getting stronger against a basket of currencies — USD/JPY slipping 1.17% and closing at 136.46. GBP/USD up to 1.2094, gaining 0.27%.
Today's rise takes place amid mixed market indicators — highly important Crude Oil Inventories data from United States beat analyst expectations of -2.76 million with a reading of -12.58 million.
Yesterday was a satisfactory day for markets, some currencies are continuing this streak today. Take a look at our top gainers.
The Kiwi | +0.56% in mid-session
Having set a significant low of 0.5566 a month ago, the Kiwi is trading 13.14% higher.
The Euro | +0.36% in mid-session
After ending yesterday at 1.0408, the Euro ascended as high as 1.0454 before meeting resistance. Undeterred, the Euro posted a fresh rally late in the trading session targeting 1.0445.
The Australian dollar | +0.38% in mid-session
Aussie-Dollar continues a 3 day surge, reaping a total of 2.63%. As the session continues, it seems to maintain one direction — Aussie-Dollar trades at 0.6821 after gaining 25 pips (0.38%).