US Data Bumps Spreads [Video]
|Euro/Dollar's daily average spread is point 34 pips and maximum separation has been 1.9 pips. The pair rose above the 1 13 level once again as it gained point 86% or close to 100 pips. It has been busy with news releases during the past 24 hours and both of the sides were 1.9 pips apart yesterday at 1:30 PM GMT when it was busy with US data releases. The Cable's long term average spread is 1.15 pips and peak separation was 6.6 pips. Rate movement has been volatile for the Pound/Dollar as well and the biggest move was a decline of point 9% or 115 pips. Spreads peaked at 6.6 shortly after midnight GMT during a time when rate movement was relatively calm. Last up is the Dollar/Yen, which has long term average and maximum spreads of point 4 and 2.1 pips respectively. Daily high and low difference is 61 pips and it was posted as the pair gained point 54%. US data run bumped the spreads yesterday at 1:30 PM GMT, but 2.1 pips is the biggest gap you should have seen.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.