Most markets are higher this morning as risk-on sentiment dominates: NZD/USD, AUD/USD, GBP/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 drawing back 0.52% to 147.9. EUR/USD goes up 0.47%, trading at 0.9927.
Meanwhile, United States OPEC Crude Oil Production Algeria (Barrel) released yesterday at 15:00 UTC with a figure of 1 million, while the previous figure was 1 million.
Yesterday was a satisfactory day for markets, some currencies are continuing this streak today. Take a look at our top gainers.
The Australian dollar | +0.6% in mid-session
Although on a downtrend for 4 days, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Aussie-Dollar went up to 0.6447 only to drop back to some of the way and is now trading at 0.6434.
The British Pound | +0.55% in mid-session
Sterling-Dollar trades at 1.1534 after gaining 63 pips (0.55%).
The New-Zealand Dollar | +0.87% in mid-session
The Kiwi continues a 6 day uptrend, gaining a total of 3.02%. Heading in the same direction for now — tentatively higher from an earlier low of 0.5808, the New-Zealand Dollar is up to 0.5864 today, adding 50 pips, or 0.87%, to yesterday's closing price of 0.5814.