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March 07, 2023
Euro-Aussie dollar inches up 0.6% and stands on top of this list of currencies gainers.
Markets are mixed with AUD/USD drawing back 0.75% to 0.6685. EUR/USD trades at 1.0673 after losing 0.11%.
This limbo state is reflected by published market data as United States Factory Orders released yesterday at 15:00 UTC is better than expected at -1.6% but down from preceding data of 1.7% according to new data.
+0.6%: Euro-Aussie dollar currency pair adds 95 pips or 0.6%
Today's session so far looks to be heading in the same direction — Euro-Aussie dollar trades at 1.5967 after gaining 95 pips (0.6%).
+0.07%: mixed sentiment sees the New-Zealand Dollar currency pair ending the session broadly flat; establishes tight 0.6176 to 0.6243 range
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Small gain for the Kiwi at 0.6202 after ranging between 0.6176 and 0.6243 today.
US Dollar-Canadian Dollar | +0.1% in mid-session
After setting a supportive marker at 1.1321 around 3 months ago, US Dollar-Canadian Dollar is now trading 20.21% above this level.
