17 Dec 2014
Forex Top movers: USD advances on stocks and Cuba-US news; USDRUB drops
FXStreet (San Francisco) - The Dollar advances on Wednesday before the FOMC meeting and the press conference of the Fed chair Janet Yellen. The big news on the improvement of Cuba-US relations is fueling stocks, and so the greenback. Ruble is recovering.
The announcement that the US is seeking to normalize relations with Cuba has surprised markets on Wednesday. Wall Street welcomed the idea and the major indexes are posting gains, fueling the USD just ahead the FOMC decision.
On majors, EUR/USD is falling 0.85% on the day; GBP/USD declines 0.64% while the USD/JPY is advacing 0.87%.
Top winners are USDKRW: +1.29% to 1,093.50; USDPLN: +1.24% to 3.4076; and USDCZK +1.11 to 22.234. Top losers are USD/RUB: -6.85% to 61.560; USD/BRL -1.52% to 2.6938; and EUR/NOK -0.90% to 9.1898.
The Ruble is trading firm after latest Russian central bank actions. The recovery follows a dramatic interest rate hike and the announcement that the Russian Finance Ministry sold foreign currency.
The announcement that the US is seeking to normalize relations with Cuba has surprised markets on Wednesday. Wall Street welcomed the idea and the major indexes are posting gains, fueling the USD just ahead the FOMC decision.
On majors, EUR/USD is falling 0.85% on the day; GBP/USD declines 0.64% while the USD/JPY is advacing 0.87%.
Top winners are USDKRW: +1.29% to 1,093.50; USDPLN: +1.24% to 3.4076; and USDCZK +1.11 to 22.234. Top losers are USD/RUB: -6.85% to 61.560; USD/BRL -1.52% to 2.6938; and EUR/NOK -0.90% to 9.1898.
The Ruble is trading firm after latest Russian central bank actions. The recovery follows a dramatic interest rate hike and the announcement that the Russian Finance Ministry sold foreign currency.