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May 15, 2023Despite range-bound trade, Euro-Aussie dollar slides 0.63% as worst performing company among currencies
As the current session nears its end, markets don't have a clear cut direction — GBP/USD up to 1.2531, gaining 0.65%. AUD/USD goes up 0.88%, trading at 0.6702.
This limbo state is reflected by market data published as United States NY Empire State Manufacturing Index (May) came out at -31.8, while a consensus of analysts was expecting -3.7.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Euro-Aussie dollar | –0.63%; session high: 1.6349 session low: 1.6209
As the current session draws to a close, Euro-Aussie dollar remains in the 1.6209 – 1.6349 range after dropping 0.63%.
-0.49%: weak sentiment sees EUR/NZD posting 0.49% loss
EUR/NZD is grinding lower from 1.752 to 1.7435, shedding 85 pips (0.49%) today.
US Dollar-Canadian Dollar | Currently down 0.57% at 1.3471
After setting a supportive marker at 1.1321 around 6 months ago, US Dollar-Canadian Dollar is now trading 19.67% higher.
