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March 07, 2023
A bad day for the Australian dollar, losing 0.59%
Today's session is well on its way: markets are mixed with USD/JPY drawing back 0.18% to 135.69. USD/CAD goes up 0.1%, trading at 1.3623.
This limbo state is reflected by market data published as data for United States Factory Orders released yesterday at 15:00 UTC is better than expected with -1.6%, but worse than previous figure of 1.7%.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
EUR/NZD | Currently down 0.21% at 1.72
EUR/NZD now trading 2.91% above its 3-month low of 1.57.
-0.21%: weak sentiment sees Euro-Yen posting 0.21% loss
Struggling to find upward momentum, Euro-Yen has shed 30 pips to currently trade at 144.9 as it ranges between 144.11 and 145.44 so far today.
-0.59%: weak sentiment sees the Australian dollar posting 0.59% loss
Similar trend today: the Australian dollar slides down from 0.6735 to 0.6696 today, losing 39 pips (0.59%).
