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February 22, 2023
Euro-Aussie dollar having a good day, gaining 0.4%
Markets don't have a clear cut direction — USD/JPY drawing back 0.26% to 134.57. USD/CHF holds at 0.9274.
Today's muted price action is occurring amid mixed market indicators – United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. The currently most active currencies are listed below.
Euro-Aussie dollar | +0.4% in mid-session
After setting a supportive marker at 1.4289 around 5 months ago, Euro-Aussie dollar is now trading 8.64% above this level.
The Australian dollar | Currently down 0.47% at 0.6829
The Australian dollar dropped to 0.6813, hitting its lowest point in 6 weeks. Later, it recovered 16 pips and is now trading at 0.6829. Having established significant support at 0.6213 approximately 4 months ago, the Australian dollar's share price has bounced 10.43% higher.
EUR/NZD | Currently down 0.34% at 1.7071
While EUR/NZD is in the midst of a 7 day up trend, Now turning against its recent performance, after a mostly steady day, EUR/NZD loses 57 pips late into the session, trading at 1.7071.
