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

Published: May 27 2023, 04:00 GMT+0

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

Yesterday at a glance: hesitant but grinding higher: AUD/USD closed at 0.6518 after ranging between 0.6493 and 0.6545.

Uptick comes while some more positive signs for Aussie-Dollar are out as following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading 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 GBP/NZD jumps 0.52% yesterday and closed at 2.0311. GBP/JPY soars 0.64% yesterday and closed at 172.53. USD/JPY is trading around 140.62 after ending yesterday's session at 140.05 (up 0.41% 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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