© Reuters. The Australian dollar leads the forex market losses today
Arabictrader.com – led the list of currencies with the most losses, during the first trading of the week; today is Monday; Where the Australian dollar recorded a decline of 0.83% against other foreign currencies in circulation, due to it being affected by weak risk appetite during today’s trading, amid the absence of important economic data in Australia, but weak risk appetite in the market caused a decline in demand for the Australian dollar against other foreign currencies, Because it is a commodity currency for which demand decreases, coinciding with weak investor appetite.
In second place on the list of currencies with the most losses, the US dollar recorded losses of 0.72% against other foreign currencies in circulation. In this regard, the euro incurred losses during market transactions today. Amid markets’ anticipation of the release of important economic data in the euro zone, the most important of which is the European Central Bank’s Monetary Policy Committee meeting scheduled to be held later today, which in turn will issue a new interest rate decision, which will affect the euro’s upcoming movements in the market.
In the same position, the US dollar suffered losses of 0.72% against other foreign currencies, due to the decline in US bond yields, as 10-year US bond yields recorded a decline of about 1.55% and reached the level of 4.083 points. At the same time, 20-year bond yields witnessed a decline. By 1.27% and settled near the level of 4,423 points, and bond yields for 30 years decreased by 1.26% and recorded approximately 4,299 points, which caused the American to decline during today’s trading.
As for third place on the list with the most losses, the Canadian dollar recorded a decline of 0.39% against the other seven foreign currencies, due to it being affected by a decline during transactions, especially since Canada is considered a major exporter of crude oil, so any negative developments that occur in the movements of crude oil, It also has negative repercussions on the movements of the Canadian dollar during foreign exchange market transactions.
In addition, the New Zealand dollar concluded the list of the most losing currencies, incurring losses in fourth place, with a loss rate of only 0.17% against other foreign currencies, due to it being affected by weak appetite for risk in market trading, in light of the absence of important economic data in New Zealand, but Weak appetite for risk caused a decline in demand for the New Zealand dollar against other foreign currencies, given that it is one of the commodity currencies for which there is less demand in conjunction with a slowdown in market appetite.
2024-01-22 16:50:00
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