Despite range-bound trade, Aussie-Dollar slides 0.77% as worst performing company among currencies
As the trading day draws to a close, markets are mixed with USD/CAD up to 1.3536, gaining 0.46%. EUR/USD up 0.15%, trading at 1.0991.
This limbo state is reflected by market data published as United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
-0.09%: mixed sentiment sees Dollar/Yen currency pair ending the session broadly flat; establishes tight 133.55 to 134.49 range
USD/JPY weakened earlier in the day, before moving away from its 133.55 low and recovering back to 134.1.
-0.63%: the Kiwi set for weak finish today; down 0.63% to 0.614 with a hour before close
More of the same today: as the current session draws to a close, the Kiwi remains in the 0.6129 – 0.6182 range after dropping 0.63%.
-0.77%: the Australian dollar set for weak finish today; down 0.77% to 0.6694 with a hour before close
As the current session draws to a close, the Australian dollar remains in the 0.6679 – 0.6749 range after dropping 0.77%.