Forex News from InstaForex

**IFX Gertrude** · 03-20-2023, 08:55 AM

EURO LITTLE CHANGED AFTER GERMAN PPI DATA

At 3:00 am ET, Destatis issued Germany's producer prices data for February.

After the data, the euro changed little against its major rivals.

As of 3:05 am ET, the euro was trading at 0.8749 against the pound, 0.9874 against the Swiss franc, 1.0666 against the U.S. dollar and 139.64 against the yen.

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**IFX Gertrude** · 03-21-2023, 04:58 AM

AUSTRALIAN DOLLAR SLIDES AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

The Australian dollar fell to a 6-day low of 1.6018 against the euro, from yesterday's closing value of 1.5949.

The aussie dropped to 87.81 against the yen, from yesterday's closing value of 88.18.

Against the U.S. and the Canadian dollars, the aussie edged down to 0.6690 and 0.9153 from yesterday's closing quotes of 0.6715 and 0.9175, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.62 against the euro, 86.00 against the yen, 0.64 against the greenback and 0.89 against the loonie.

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**IFX Gertrude** · 03-22-2023, 06:19 AM

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to nearly a 2-week high of 1.0805 against the NZ dollar and a 2-day high of 88.79 against the yen, from yesterday's closing quotes of 1.0761 and 88.32, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6690 and 0.9167 from yesterday's closing quotes of 0.6666 and 0.9141, respectively.

The aussie edged up to 1.6105 against the euro, from yesterday's closing value of 1.6134.

If the aussie extends its uptrend, it is likely to find resistance around 1.09 against the kiwi, 91.00 against the aussie, 0.68 against the greenback, 0.93 against the loonie and 1.55 against the euro.

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**IFX Gertrude** · 03-23-2023, 09:57 AM

FRANC CLIMBS AFTER SNB DECISION

As expected, the Swiss National Bank raised its policy rate by 50 basis points to 1.5 percent. The franc advanced against its major counterparts after the decision.

The franc was trading at 143.57 against the yen, 0.9944 against the euro, 1.1243 against the pound and 0.9125 against the greenback around 4:35 am ET.

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**IFX Gertrude** · 03-24-2023, 05:52 AM

U.S. DOLLAR RISES AGAINST MOST MAJORS

The U.S. dollar strengthened against most major currencies in the Asian session on Friday.

The U.S. dollar rose to 2-day highs of 1.0817 against the euro and 1.3736 against the Canadian dollar, from yesterday's closing quotes of 1.0828 and 1.3715, respectively.

Against the pound and the Swiss franc, the greenback edged up to 1.2261 and 0.9179 from yesterday's closing quotes of 1.2286 and 0.9163, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 1.03 against the euro, 1.39 against the loonie, 1.18 against the pound and 0.93 against the franc.

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**IFX Gertrude** · 03-27-2023, 07:40 AM

YEN FALLS AGAINST MAJORS

The Japanese yen weakened against other major currencies in the late Asian session on Monday. The yen fell to 4-day lows of 131.31 against the U.S. dollar, 142.85 against the Swiss franc and 95.61 against the Canadian dollar, from recent highs of 130.49, 141.57 and 94.95, respectively.

Against the euro and the pound, the yen dropped to 141.23 and 160.52 from recent highs of 140.53 and 159.57, respectively.

Moving away from recent highs of 86.62 against the Australian dollar and 80.89 against the NZ dollar, the yen slipped to 87.36 and 81.46, respectively.

If the yen extends its downtrend, it is likely to find support around 134.00 against the greenback, 144.00 against the franc, 97.00 against the loonie, 144.00 against the euro, 163.00 against the pound, 91.00 against the aussie and 83.00 against the kiwi.

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**IFX Gertrude** · 03-28-2023, 12:56 AM

AUSTRALIA RETAIL SALES ADD 0.2% IN FEBRUARY

The total value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.141 billion.

That exceeded expectations for an increase of 0.1 percent and was down from 1.9 percent in January.

Individually, sales were up for food, clothing, department store sales and cafes and restaurants. Sales were flat for household goods and down for other retailing.

On a yearly basis, retail sales climbed 6.4 percent.

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**IFX Gertrude** · 03-29-2023, 05:31 AM

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to a 1-week high of 82.61 against the yen and a 6-day high of 0.6271 against the U.S. dollar, from yesterday's closing quotes of 81.85 and 0.6253, respectively.

Against the euro and the Australian dollar, the kiwi advanced to 5-day highs of 1.7283 and 1.0686 from yesterday's closing quotes of 1.7333 and 1.0727, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 84.00 against the yen, 0.63 against the greenback, 1.69 against the euro and 1.05 against the aussie.

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**IFX Gertrude** · 03-30-2023, 05:45 AM

AUSTRALIAN DOLLAR SLIDES AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to more than a 3-week low of 0.9046 against the Canadian dollar, from yesterday's closing value of. 0.9060.

Moving away from yesterday's closing value of 0.6684 against the U.S. dollar, the aussie dropped to 0.6661.

Against the euro and the yen, the aussie edged down to 1.6255 and 88.39 from yesterday's closing quotes of 1.6217 and 88.76, respectively.

If the aussie extends its downtrend, it is likely to find support around 0.89 against the loonie, 0.65 against the greenback, 1.63 against the euro and 85.00 against the yen.

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**IFX Gertrude** · 03-31-2023, 05:27 AM

JAPAN RETAIL SALES SURGE 6.6% ON YEAR IN FEBRUARY

The total value of retail sales in Japan was up 6.6 percent on year in February, the Ministry of Economy, Trade and Industry said on Friday.

That beat forecasts for an increase of 5.8 percent and was up from the downwardly revised 5.0 percent gain in January.

Sales from large retailers climbed 5.0 percent on year, easing from 5.5 percent in the previous month.

Wholesale sales climbed an annual 2.3 percent, accelerating from 1.2 percent a month earlier.

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