Despite range-bound trade, EUR/NZD slides 0.61% as worst performing company among currencies
As the trading day draws to a close, markets are mixed with AUD/USD holds at 0.6294. USD/CHF trades at 0.9959 with no major change.
Current market events are being influenced by ambiguous macro data as United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Euro-Aussie dollar | Currently down 0.08% at 1.5633
While EUR/AUD is on an 8 day uptrend Now turning against its recent performance, Euro-Aussie dollar weakened earlier in the day, before moving away from its 1.5625 low and recovering back to 1.5633.
EUR/NZD | –0.61%; session high: 1.753 session low: 1.7375
During a 3 day uptrend, EUR/NZD gained a total of 231 pips, or 0.716%. Bucking the trend and turning lower, as the current session draws to a close, EUR/NZD remains in the 1.7375 – 1.753 range after dropping 0.61%.
GBP/NZD | Currently down 0.6% at 2.011
During a 4 day uptrend, GBP/NZD gained a total of 577 pips, or 2.33%. Now turning against its recent performance, GBP/NZD recovering almost all the way back to 2.0231 today, after dipping down to 2.0063.