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February 22, 2023
A challenging day: Aussie-Dollar falls, loses 0.73%
Today's session is well on its way: markets are currently flat. USD/CHF goes up 0.28%, trading at 0.9291. GBP/USD slipping 0.24% and closing at 1.2079.
This limbo state is reflected by market data published as United States Existing Home Sales (Jan) released yesterday at 15:00 UTC with a figure of 4 million, while the previous figure was 4 million.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Pound-Yen | -0.42% in mid-session
Having set a significant low of 144.6 4 months ago, Pound-Yen is trading 12.95% higher.
-0.47%: weak sentiment sees GBP/NZD posting 0.47% loss
GBP/NZD drops from 1.9472 to 1.938, losing 92 pips (0.47%) today.
The Australian dollar | -0.73% in mid-session
While on a 6 day downtrend, dropping a total of 2.51%, More of the same today: the Australian dollar is grinding lower from 0.6862 to 0.6812, shedding 49 pips (0.73%) today.
