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June 23, 2023The Australian dollar is today's top mover after declining 1.08%
The leading indices were losing ground — USD/CHF up to 0.8985, gaining 0.44%. USD/CAD up 0.41%, trading at 1.3205.
Today's price action is taking place amid mixed market indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of 329,000 with a reading of -3.83 million.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active currencies listed below.
The Australian dollar | Currently down 1.08% at 0.6687
AUD/USD trades at 0.6687 after dropping by 1.08% (73 pips), its largest single-day drop since May 24. Having set a peak of 0.7356 around 8 months ago, the Australian dollar is now trading 8.1% below this level.
Euro-Dollar | -0.79% in mid-session
After hitting its highest point in 6 weeks at 1.1013, Euro-Dollar dropped by 140 pips and is now trading at 1.0873. The Euro is now trading 14.2% away from its significant low of 0.9596 first tested 8 months ago.
Weak sentiment sees the Kiwi posting 0.79% loss
Similar trend today: the New-Zealand Dollar crashes after losing 48 pips, breaking down to 0.6131.
