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February 28, 2023
Sterling-Canadian dollar leading the pack after gaining 0.68%
Markets are mixed with GBP/USD up to 1.2107, gaining 0.4%. USD/CAD goes up 0.26%, trading at 1.3609.
Today's muted price action is occurring amid mixed market indicators – following a previous reading of 106, Consumer Confidence in United States released today at 15:00 UTC fell short of the 108.5 figure expected by analysts with an actual reading of 102.9.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. The currently most active currencies are listed below.
Sterling-Canadian dollar | +0.68% in mid-session
GBP/CAD rallied to 1.6522, hitting its highest point in 3 weeks. It later lost 47 pips and is now trading at 1.6474. As things stand, Sterling-Canadian dollar is 11.58% away from a significant low of 1.4665 first set 5 months ago.
Pound-Yen | +0.45% in mid-session
Having set a significant low of 144.6 4 months ago, Pound-Yen is trading 13.53% higher.
The New-Zealand Dollar | +0.45% in mid-session
Although on a downtrend for 11 days, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. The New-Zealand Dollar goes up to 0.6196, having dipped down to 0.6134 earlier.
