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June 03, 2023Markets closed sideways but EUR/AUD, GBP/CAD, EUR/CAD drop and make it on this unflattering list of yesterday's losing currencies.
A review of what happened yesterday: markets completed a mixed session yesterday, as USD/JPY closed the day at 139.97, having gained 0.84%. GBP/USD was down 0.58% before closing the session at 1.2453.
This limbo state is reflected by market data published as United States Non Farm Payrolls came out at 339,000, better than analyst estimates of 180,000 and improving upon the previous reading of 294,000.
While markets traded sideways yesterday, some currencies suffered significant losses. Here is the list of Top Losers from yesterday:
Sterling-Canadian dollar | Closed down 0.74% at 1.6716 yesterday
GBP/CAD dropped to 1.6695, its lowest point in 6 weeks. It later recovered 21 pips and closed at 1.6716. As things stand, Sterling-Canadian dollar is 1.63% away from a significant high of 1.7121, first set a month ago.
EUR/CAD | Currently down 0.69% at 1.437
EUR/CAD dropped 99 pips to 1.437, reaching its lowest point in 3 months. EUR/CAD is now trading 4.09% away from its significant high of 1.5086 first tested a month ago.
-0.97%: Euro-Aussie dollar lost 0.97% yesterday, ending at 1.6211
Yesterday's session continued down the same path: Euro-Aussie dollar ended the session around the 1.6211 level today, after Thursday's 158 pips decline and close at 1.637.
