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February 22, 2023
AUD/USD drops 28 pips early on and steadies around the 0.6833 level.
United States FOMC Meeting Minutes is next today at 19:00 UTC.
Amid the market gloom, Australia Construction Work Done (QoQ) (Q4) released today at 00:30 UTC with a figure of -0.4, while the previous figure was 2.2. Australia Wage Price Index (QoQ) (Q4) came out at 0.8, while a consensus of analysts was expecting one. United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 143.67, EUR/JPY lost 46 pips and is trading around 143.21. After ending yesterday's session at 1.9472, GBP/NZD lost 61 pips and is trading around 1.9411. EUR/NZD is trading around 1.7065 (down 63 pips).
Furthermore, Australia Private New Capital Expenditure (QoQ) (Q4) is expected tomorrow at 00:30 UTC. Australia RBA Assist Gov Bullock speech set for tomorrow at 05:15 UTC. Australia AIG Manufacturing Index (Dec) is scheduled for today at 21:30 UTC.
Aussie-Dollar is now trading 10.43% away from its significant low of 0.6213 first tested 4 months ago.
