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April 20, 2023
EUR/NZD is leading the way, gaining 0.8%
Markets are mixed with USD/JPY up to 134.76, gaining 0.12%. USD/CAD up 0.1%, trading at 1.3468.
Today's muted price action is occurring amid mixed market indicators – following a previous reading of 597,000, Crude Oil Inventories in United States released yesterday at 14:30 UTC fell short of the -1 million figure expected by analysts with an actual reading of -4.58 million.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active currencies listed below.
EUR/NZD | +0.8% to start today's session
EUR/NZD reached 1.7812, breaking a 2 years record. Later, it lost 20 pips and is now trading at 1.7791. Having set a peak of 1.7716 around 4 days ago, EUR/NZD is now trading 0.37% below this level.
GBP/NZD | +0.66% to start today's session
While yesterday ended at 2.0046, today, GBP/NZD rallied above 2.0198 for the first time in 6 months and gained 133 pips — now trading at 2.0179. This year has been a bright one for GBP/NZD after trading as low as 1.88 and going on to appreciate by 6.21% year to date.
Tough start for the New-Zealand Dollar this morning following 0.72% decline; now at 0.6159
Similar trend today: the New-Zealand Dollar is range-bound between 0.6154 and 0.6208 today after shedding 44 pips and closing at 0.6203 yesterday.
