Intraday market update: 3 currencies in focus

The New-Zealand Dollar is today's top mover after declining 2.41%

The leading indices are falling — AUD/USD drawing back 1.12% to 0.6539. USD/CAD up to 1.3598, gaining 0.72%.

Today's price action is taking place amid mixed market indicators – United States Crude Oil Inventories published today at 14:30 UTC came out at -12.46 million, falling short of the -920,000 projections and continuing its decline from the previous 5 million figure.

Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active currencies listed below.

EUR/NZD | +2.33% in mid-session

EUR/NZD got off to a strong start by gaining 401 pips (+2.33%), only to run out of steam later in the session around 1.7643. Currently, EUR/NZD is trading around the 1.7639 level.

GBP/NZD | +2.1% in mid-session

GBP/NZD trades at 2.0276 after it made its largest daily jump of 417 pips (2.1%) since October 2022. As things stand, GBP/NZD is 2.56% away from a significant high of 2.0381, first set 28 days ago.

The New-Zealand Dollar | -2.41% in mid-session

The New-Zealand Dollar drops 150 pips early on and steadies around the 0.61 level.