Most Important News for 2022-08-17

AUD/USD
EOD Return: -0.00%
AUD/USD plunges below 0.7000 on upbeat US Retail Sales, soft Aussie Wages, FOMC minutes eyed
"The article links the AUD/USD decline to softer Australian Wage Price Index data and strong U.S. retail sales, both key economic indicators that directly influenced the pair’s negative movement on the day."
EUR/GBP
EOD Return: 0.00%
EUR/GBP trims losses and reclaims 0.8400 and above
"The article reports EUR/GBP rebounding above the 0.8400 level after a knee‑jerk dip, directly explaining the modest gain in the pair’s end‑of‑day price."
EUR/USD
EOD Return: -0.01%
EUR/USD hits a daily high around 1.0202 post-FOMC minutes
"The release of the July FOMC minutes triggered a sharp 50‑pip rally for EUR/USD, directly influencing its end‑of‑day decline as traders reacted to Fed rate hike expectations."
GBP/USD
EOD Return: -0.01%
Breaking: UK annualized inflation leaps to 10.1% in July vs. 9.8% expected
"The release of UK CPI at 10.1% YoY on July exceeded expectations, directly strengthening the pound against the dollar and driving the GBP/USD pair up to around 1.2150 before the day’s negative close."
NZD/USD
EOD Return: -0.00%
NZD/USD retreats sharply from post-RBNZ high, drops to one-week low near 0.6300 mark
"The news reports a sharp retreat of NZD/USD after the RBNZ rate hike, citing recession fears and US data as headwinds, directly explaining the negative EOD return."
USD/CAD
EOD Return: 0.00%
USD/CAD erases Tuesday’s losses on a firm US dollar ahead of FOMC minutes
"The article highlights strong U.S. retail sales beating estimates and the anticipation of Fed minutes, both directly supporting a stronger dollar against the Canadian dollar, which aligns with the positive EOD return."
USD/CHF
EOD Return: 0.01%
USD/CHF pierces 0.9500 during three-day uptrend, Fed Minutes eyed
"The article reports USD/CHF breaking the 0.9500 level and renewing its weekly high to 0.9515, directly explaining the positive end‑of‑day return."
USD/CNY
EOD Return: 0.00%
USD/CNY threatens a bullish continuation pattern after surprising PBoC cut – Credit Suisse
"The article highlights a surprise People’s Bank of China rate cut that directly supports the USD/CNY rally, explaining the positive end‑of‑day return."
USD/INR
EOD Return: 0.01%
USD/INR: Rupee to rally in a sustainable way as inflation concerns ease – Scotiabank
"The article highlights easing inflation and falling commodity prices as drivers for a sustainable rupee rally, directly supporting the USD/INR pair’s upward movement."
USD/JPY
EOD Return: 0.01%
Forex Today: Fed cooling down tightening, dollar still strong
"The article reports a unanimous 75 bps rate hike in the FOMC minutes, directly supporting the USD and explaining the strong 0.64% gain in USD/JPY."
USD/MXN
EOD Return: 0.01%
USD/MXN: Banxico’s proactive rate hikes support the peso –Scotiabank
"Banxico’s proactive rate hikes are cited as the main driver behind the Mexican peso’s strength, directly supporting USD/MXN and explaining the positive return."