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May 27, 2023Markets closed sideways but NZD/USD, EUR/CAD, EUR/GBP drop and make it on this unflattering list of yesterday's losing currencies.
After yesterday's closing bell, markets did not have a clear cut direction — USD/JPY ended the session at 140.62 after a 0.41% gain. GBP/USD gained 0.21% and closed at 1.2347.
Current market events are being influenced by ambiguous macro data as following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.
While markets traded sideways yesterday, some currencies suffered significant losses. Here is the list of Top Losers from yesterday:
-0.19%: yesterday's lacklustre market sentiment sees EUR/CAD drop 0.19%
Yesterday's session suggests run might be coming to an end — down on the day: EUR/CAD closed at 1.46 after ranging between 1.4585 and 1.4649.
The New-Zealand Dollar | Closed 18 pips (-0.31%) lower at 0.6047
After setting a supportive marker at 0.5566 around 7 months ago, the Kiwi is now trading 9% above this level.
-0.2%: weak sentiment sees Euro-Pound posting 0.2% loss
Yesterday's session suggests a further slow down: Euro-Pound dipped as low as 0.8675 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (0.8703) with Euro-Pound closing the day at 0.8686.
