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June 13, 2023A bad day for Dollar/Yen, losing 0.04%
As the trading session gets underway, markets are mixed with EUR/USD trades sideways at 1.0771. GBP/USD trades at 1.2521 with no major change.
Current market events are being influenced by ambiguous macro data as United States Federal Budget Balance (May) came out at -240 billion, while a consensus of analysts was expecting -236 billion.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
-0.04%: mixed sentiment sees Dollar/Yen currency pair ending the session broadly flat; establishes tight 139.4 to 139.66 range
Bucking the trend and turning lower, slightly weaker but mostly flat: USD/JPY is currently trading at 139.52 as it maintains an active range between 139.4 and 139.66.
-0.03%: mixed sentiment sees Dollar-Swiss currency pair ending the session broadly flat; establishes tight 0.9078 to 0.9089 range
Now turning against its recent performance, slightly weaker but mostly flat: Dollar-Swiss is currently trading at 0.9082 as it maintains an active range between 0.9078 and 0.9089.
The Australian dollar | Currently down 0.11% at 0.675
Having set a peak of 0.7356 around 8 months ago, Aussie-Dollar is now trading 8.15% below this level.
