After six days of going down, Aussie-Dollar is up 8 pips yesterday

Published: May 27 2023, 00:16 GMT+0

After six days of going down, Aussie-Dollar is up 8 pips yesterday

Yesterday at a glance: hesitant but grinding higher: AUD/USD closed at 0.652 after ranging between 0.6493 and 0.6545.

This move comes while some more positive signs for the Australian dollar are out as United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

On the flip side, data from Australia concerning Retail Sales was released yesterday at 01:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.4% to 0% this month.

At the same time, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -49,100, while the previous figure was -53,600.

A look at other currencies also shows bullish price action as notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY is trading around 173.63 after ending yesterday's session at 172.53 (up 0.64% today). USD/JPY went up by 0.41% yesterday, and closed at 140.62.

As things stand, the Australian dollar is 11.49% away from a significant high of 0.7356, first set 7 months ago.

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