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June 24, 2023A quick look at yesterday: overall, AUD/USD shed around 82 pips or 1.22% and ended yesterday's session at 0.6678.
Amid the market gloom, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -49,600, while the previous figure was -61,700. United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100.
Aussie-Dollar's value drop coincided with the fact that EUR/USD drops 0.57% yesterday and closed at 1.0959.
Though the Australian dollar has been dropping, other pairs have been performing better: USD/SGD went up by 0.59% yesterday, and closed at 1.3524. EUR/AUD is trading around 1.6318 after ending yesterday's session at 1.6214 (up 0.64% today).
As things stand, Aussie-Dollar is 8.1% away from a significant high of 0.7356, first set 8 months ago.
