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May 11, 2023
The Australian dollar is today's top mover after declining 1.19%
The leading indices are slipping — GBP/USD trades at 1.2514 after losing 0.89%. USD/CHF goes up 0.53%, trading at 0.8939.
Today's price action is taking place amid mixed market indicators – United States Producer Price Index released earlier showed a marked improvement to 0.2% from the preceding data of -0.4%, but fell short of the 0.3% figure forecast by a consensus of market analysts.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active currencies listed below.
US Dollar-Canadian Dollar currency pair adds 127 pips or 0.96%
Heading in the same direction for now — US Dollar-Canadian Dollar spikes to 1.3492, climbing by 127 pips.
Weak sentiment sees the Australian dollar posting 1.19% loss
More of the same today: AUD/USD crashes after losing 81 pips, breaking down to 0.67.
Weak sentiment sees the Kiwi posting 1.08% loss
The New-Zealand Dollar is sharply lower after losing 67 pips, declining as low as 0.63.
