The Australian dollar records flat yesterday on the back of 6th straight day of declines

Published: May 27 2023, 09:20 GMT+0

The Australian dollar records flat yesterday on the back of 6th straight day of declines

A quick look at yesterday: Lightly positive 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 highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

On the flip side, Australia Retail Sales fell short of the 0.3% projections, with new data of 0%.

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 GBP/NZD soars 0.52% yesterday and closed at 2.0311. Notably, GBP/JPY rose 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).

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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