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April 15, 2023
A quick look at yesterday: the Australian dollar slid down from 0.6786 to 0.6711, taking a 74 pips loss (1.1%)
On the flip side, positive data for the Australian dollar released earlier when following a previous reading of 0%, Core Retail Sales in United States released yesterday at 12:30 UTC fell short of the -0.3% figure expected by analysts with an actual reading of -0.8%. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.
Meanwhile, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -37,900, while the previous figure was -27,200.
Aussie-Dollar's value drop coincided with the fact that NZD/USD is down to 0.6209, losing 90 pips, after ending the previous session around 0.63.
Though Aussie-Dollar has been dropping, other pairs have been performing better: USD/SGD went up by 0.64% yesterday, and closed at 1.3306. EUR/NZD is trading around 1.7707 after ending yesterday's session at 1.7533 (up 0.99% today).
As things stand, the Australian dollar is 9.22% away from a significant low of 0.6213 first set 5 months ago.
