A challenging day: Dollar/Yen falls, loses 1.18%
In today's trading session, in relation to other currencies, the US dollar is stagnant — GBP/USD up to 1.2145, gaining 0.69%. EUR/USD goes up 0.17%, trading at 1.0425.
Current market events are being influenced by ambiguous macro data as highly important Crude Oil Inventories data from United States beat analyst expectations of -2.76 million with a reading of -12.58 million.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Dollar/Yen | Currently down 1.18% at 136.45
In the last 4 days, USD/JPY has lost a total of 2.05% of its value. Similar trend today: Dollar/Yen is range-bound between 135.81 and 138.08 today after shedding 162 pips and closing at 138.08 yesterday.
EUR/NZD | Currently down 0.55% at 1.6429
EUR/NZD is now trading 5.5% away from its significant high of 1.7482 first tested a month ago.
Euro-Yen | Currently down 1% at 142.21
While on a 5 day slump, falling a total of 1.84%, More of the same today: Euro-Yen is range-bound between 141.88 and 143.77 today after shedding 145 pips and closing at 143.67 yesterday.