After six days of persistent declines, the Australian dollar was flat yesterday

Published: May 27 2023, 07:55 GMT+0

After six days of persistent declines, the Australian dollar was flat yesterday

A quick look at yesterday: AUD/USD closed at 0.6518 yesterday 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.

Meanwhile, 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.

Elsewhere, other currency pairs are also gaining ground as notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY added 0.64% and closed around 172.53 yesterday. EUR/JPY is trading around 150.87 after ending yesterday's session at 150.22 (up 0.43% today).

Aussie-Dollar is now trading 11.49% away from its significant high of 0.7356 first tested 7 months ago.

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