Most Important News for 2022-07-06

AUD/USD
EOD Return: 0.01%
AUDUSD to face downward pressure toward next support at 0.6762 – OCBC
"The Reserve Bank of Australia’s 50‑basis‑point rate hike on July 6 directly pressured the AUD against the USD, driving the pair lower and contributing to the day’s positive return."
EUR/GBP
EOD Return: -0.01%
EUR/GBP gets pounded, drops to 3-week lows near 0.8540
"The article highlights a strong euro sell‑off driven by recession fears in Euroland and UK political uncertainty, directly explaining the sharp decline in EUR/GBP on that day."
EUR/USD
EOD Return: -0.00%
EUR/USD: Drop below 1.02 to trigger another leg lower
"The article highlights that a drop below the 1.02 support level could trigger further losses, tying directly to the EUR/USD decline on July 6 and linking it to upcoming Fed minutes that may influence market sentiment."
GBP/USD
EOD Return: 0.01%
GBP/USD defends 1.1900 despite Downing Street’s political play, recession fears
"The article details a significant UK political crisis with over 30 resignations and a looming no‑confidence vote, directly impacting GBP sentiment and driving the pound’s decline on that day."
NZD/USD
EOD Return: 0.00%
FX option expiries for July 6 NY cut
"The FX option expiry data for NZD/USD on July 6 shows significant contract volume at the 0.6410 level, indicating strong market interest and potential support that likely contributed to the 0.46% end‑of‑day gain."
USD/CAD
EOD Return: -0.01%
Bank of Canada to go for bigger rate hikes, but pause before Fed does – Reuters Poll
"The Reuters poll predicting a hefty 75 bps rate hike by the Bank of Canada directly signals tightening monetary policy, which typically strengthens the Canadian dollar and explains the USD/CAD decline."
USD/CHF
EOD Return: 0.00%
USD/CHF climbs to near three-week high, reclaims 0.9700 ahead of FOMC minutes
"The article highlights USD/CHF climbing to a near three‑week high and reclaiming 0.9700 ahead of the FOMC minutes, directly explaining the positive end‑of‑day move."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 6.7246 vs. the previous fix 6.6986
"The daily midpoint fix by the PBOC directly sets the yuan’s value, immediately influencing the USD/CNY exchange rate and explaining the negative return."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Indian rupee bounces off record low past 79.00 as oil slips on recession fears
"The article highlights the rupee’s bounce off a record low and links it to oil price movements and global recession fears, directly explaining the positive return for USD/INR on that day."
USD/JPY
EOD Return: 0.00%
USD/JPY Price Analysis: Range-bound despite a rising wedge break that targets a fall to 132.50
"The article cites rising US Treasury yields, which directly support the dollar against the yen and explain the modest 0.04% gain in USD/JPY."
USD/TRY
EOD Return: 0.00%
USD/TRY bulls poke 17.00 on inflation/recession woes ahead of Fed Minutes
"The article highlights record inflation in Turkey and global recession concerns ahead of the Fed minutes, directly influencing USD/TRY sentiment on that day."