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June 08, 2023
With the session well underway, markets are broadly higher while GBP/NZD, USD/JPY, USD/CAD are slipping. Here are the top losers:
In today's trading session, markets are up as EUR/USD goes up 0.26%, trading at 1.0728. AUD/USD up 0.38%, trading at 0.6683.
Today's rally takes place amid mixed market indicators — Crude Oil Inventories in United States fell short of market expectations (1 million) with a reading of -451,000, continuing the decline from the previous figure of 4.49 million.
Despite the markets climbing yesterday, some currencies are currently down. Take a look at the Top Losers:
Dollar/Yen | Currently down 0.23% at 139.74
During a 5 day uptrend, Dollar/Yen gained a total of 130 pips, or 0.713%. Bucking the trend and turning lower, Dollar/Yen slides down from 140.06 to 139.74 today, losing 31 pips (0.23%).
GBP/NZD | -0.3% in mid-session
GBP/NZD now trading 6.45% above its 3-month low of 1.88.
-0.2%: weak sentiment sees US Dollar-Canadian Dollar posting 0.2% loss
Similar trend today: US Dollar-Canadian Dollar is grinding lower from 1.3369 to 1.3343, shedding 26 pips (0.2%) today.
