A challenging day: EUR/NZD falls, loses 0.2%
Here is where today's session currently stands: markets are currently flat. GBP/USD up to 1.2704, gaining 0.1%. USD/CAD holds at 1.324.
Current market events are being influenced by ambiguous macro data as United States ISM Manufacturing PMI (Jun) came out at 46, while a consensus of analysts was expecting 47.2.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Dollar/Yen | Currently down 0.17% at 144.41
While Dollar/Yen is in the midst of an 18 day up trend, Bucking the trend and turning lower, after closing at 144.65 yesterday, Dollar/Yen opened today at 144.68, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, Dollar/Yen retains a distinct 144.33 to 144.7 daily range.
EUR/NZD | -0.2% in mid-session
Having set a significant low of 1.59 10 months ago, EUR/NZD is trading 11.5% higher.
-0.16%: weak sentiment sees Euro-Yen posting 0.16% loss
Today's session suggests a further slowdown — Euro-Yen is grinding lower from 157.81 to 157.55, shedding 25 pips (0.16%) today.