Aussie-Dollar arrested its six day decline yesterday by adding 8 pips (0.14%)

Published: May 27 2023, 00:36 GMT+0

Aussie-Dollar arrested its six day decline yesterday by adding 8 pips (0.14%)

Yesterday at a glance: AUD/USD closed at 0.652 yesterday after ranging between 0.6493 and 0.6545.

This move comes while some more positive signs for the Australian dollar are out as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Nevertheless, Retail Sales in Australia fell short of market expectations (0.3%) with a reading of 0%, continuing the decline from the previous figure of 0.4%.

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.

Elsewhere, other currency pairs are also gaining ground as GBP/NZD leaps up 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 moves up 0.41% yesterday and closed at 140.05.

Having set a peak of 0.7356 around 7 months ago, Aussie-Dollar is now trading 11.49% below this level.

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