Spreads Up As EUR/USD Drops [Video]
|Euro/Dollar’s daily average spread is point 38 pips and peak separation has been 3.5 pips. Both of the sides were 2.1 pips apart during the past hour. Euro dropped against the Buck by nearly one percent or 105 pips to hit the daily low of 1 1287. The peak spread of 3 and a half pips took place yesterday at 1:38 PM and both of the sides separated by 2.1 pips today at 9 o’clock as Flash Euro Zone PMI stats were out. The Cable’s daily average and maximum spreads are 1.31 and 5.5 pips respectively. Pound/Dollar took a slide from the high of 1 2683, declining by point 91% or 116 pips. Spreads were bumpy for a while yesterday at 11 PM GMT, but you shouldn’t have seen a separation bigger than 5.5 pips. And last up is the Dollar/Yen, which has a daily average spread of point 44 pips. Peak separation has been 1 pip. The rate movement has been relatively calm for this pair, high and low difference is 30 pips. Spreads have been as calm as the rate movement, peaking at only 1 pip yesterday at 11 PM GMT.
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