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March 07, 2023The Australian dollar is today's top mover after declining 0.94%
The leading indices are slipping — EUR/USD drawing back 0.17% to 1.0666. GBP/USD trades at 1.2007 after losing 0.16%.
Today's price action is taking place amid mixed market indicators – data for United States Factory Orders released yesterday at 15:00 UTC is better than expected with -1.6%, but worse than previous figure of 1.7%.
“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 | +0.72% in mid-session
The sentiment that generated 409 pips in cumulative gains over the past 11 days was further evident for Euro-Aussie dollar. Today's session so far looks to be heading in the same direction — Euro-Aussie dollar spikes to 1.5987, climbing by 114 pips.
Dollar-Swiss currency pair adds 17 pips or 0.19%
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After dipping down to 0.9279, Dollar-Swiss regains earlier losses and goes up to 0.9327.
The Australian dollar | -0.94% in mid-session
In the last 15 days, AUD/USD has lost a total of 4.51% of its value. Similar trend today: the Australian dollar is sharply lower after losing 63 pips, declining as low as 0.6672.
