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3 Mar 2015
Forex Top Movers: Pacific pairs rise; Dollar on the defensive
FXStreet (San Francisco) - Pacific pairs such as the Australian or the New Zealand dollar are trading higher on Tuesday as investors are betting for the AUD after the RBA no-cut in interest rates. The NZD is trading in reflection trade.
On the other side, US dollar is trading on the defensive as the USD is posting losses against its major competitors but recovering some ground.
Top Movers to the upside are AUD/USD, +0.92% to 0.7837; CAD/CHF, 0.79% to 0.7706; and NZD/USD, +0.70% to 0.7563. To the downside, losers are USD/CAD, -0.79% to 1.2433; USD/SEK, 0.78% to 8.2644; and USD/RUB, 0.76% to 62.09.
On majors, EUR/USD is +0.08% to 1.1185; GBP/USD is +0.11% to 1.5370; and the USD/JPY is -0.50% on the day to 119.70.
On the other side, US dollar is trading on the defensive as the USD is posting losses against its major competitors but recovering some ground.
Top Movers to the upside are AUD/USD, +0.92% to 0.7837; CAD/CHF, 0.79% to 0.7706; and NZD/USD, +0.70% to 0.7563. To the downside, losers are USD/CAD, -0.79% to 1.2433; USD/SEK, 0.78% to 8.2644; and USD/RUB, 0.76% to 62.09.
On majors, EUR/USD is +0.08% to 1.1185; GBP/USD is +0.11% to 1.5370; and the USD/JPY is -0.50% on the day to 119.70.