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** · Yesterday, 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** · Today, 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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