End of a slump? After six successive days of depreciation, Aussie-Dollar was up 8 pips yesterday

Published: May 27 2023, 05:01 GMT+0

End of a slump? After six successive days of depreciation, Aussie-Dollar was up 8 pips yesterday

A quick look at yesterday: AUD/USD closed at 0.652 yesterday after ranging between 0.652 and 0.652.

Aussie-Dollar upside coincides with further encouraging market factors as data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

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.

Other currencies are also rising 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 rises 0.43% yesterday and closed at 150.22.

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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