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May 15, 2023Pound-Yen leading the pack after gaining 0.62%
Markets are currently flat. GBP/USD up to 1.2508, gaining 0.47%. USD/CAD slipping 0.29% and closing at 1.3508.
Today's muted price action is occurring amid mixed market indicators – United States NY Empire State Manufacturing Index (May) came out at -31.8, while a consensus of analysts was expecting -3.7.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. The currently most active currencies are listed below.
Pound-Yen | +0.62% in mid-session
GBP/JPY made its largest single-day jump of 105 pips (0.62%) since Apr 19 and is now trading at 170.04. Having set a peak of 171.69 around 14 days ago, Pound-Yen is now trading 1.57% below this level.
Aussie-Dollar | +0.64% in mid-session
Tentatively higher from an earlier low of 0.6643, Aussie-Dollar is up to 0.6686 today, adding 42 pips, or 0.64%, to Friday's closing price of 0.6644.
Kicking off the session at 0.6193, the New-Zealand Dollar currency pair peaks at 0.6231
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Tentatively higher from an earlier low of 0.6186, the Kiwi is up to 0.6219 today, adding 25 pips, or 0.42%, to Friday's closing price of 0.6193.
