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March 12, 2023Markets closed sideways but USD/CHF, USD/JPY, EUR/GBP drop and make it on this unflattering list of Friday's losing currencies.
Ahead of tomorrow's trading session: markets did not have a clear cut direction — GBP/USD closed the day at 1.2033, having gained 0.92%. EUR/USD gained 0.49% and closed at 1.0639.
While markets traded sideways Friday, some currencies suffered significant losses. Here is the list of Top Losers from Friday:
Dollar/Yen | Closed down 0.77% at 135.11 Friday
After a mostly steady day, Dollar/Yen lost 0.77% deep into the session, ending up at 135.11.
Dollar-Swiss | Currently down 1.2% at 0.9213
After making its biggest single-day drop of 111 pips (1.2%) since Jan 31, Dollar-Swiss closed at 0.9213 Friday. Having set a peak of 1.0135 around 4 months ago, Dollar-Swiss is now trading 8% below this level.
-0.33%: Euro-Pound lost 0.33% Friday, ending at 0.8842
More of the same from Friday's session: bearish sentiment ensured Euro-Pound finished Friday's session lower. However, despite the downward bias, Euro-Pound etched out a distinct 0.882 to 0.8889 session range.
