EUR/NZD is marking a challenging day, withdraws 0.22%
As the trading session gets underway, the US dollar is sluggish against other currencies — GBP/USD goes up 0.19%, trading at 1.1988. AUD/USD up to 0.6672, gaining 0.22%.
This limbo state is reflected by market data published as United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
USD/SGD | -0.17% to start today's session
Having set a peak of 1.4379 around 2 months ago, USD/SGD is now trading 4.1% below this level.
EUR/NZD | -0.22% to start today's session
Having set a peak of 1.7482 around a month ago, EUR/NZD is now trading 4.1% below this level.
US Dollar-Canadian Dollar | Currently down 0.22% at 1.346
During a 3 day uptrend, US Dollar-Canadian Dollar gained a total of 156 pips, or 0.955%. Bucking the trend and turning lower, struggling to find upward momentum, US Dollar-Canadian Dollar has shed 29 pips to currently trade at 1.346 as it ranges between 1.3453 and 1.3495 so far today.