Forex Today: Dollar builds on last week's gains amid hawkish Fed bets
"The article highlights Powell’s Jackson Hole speech driving the dollar index to a two‑decade high, directly weakening AUD/USD and explaining the day’s significant decline."
EUR/GBP
EOD Return: 0.01%
EUR/GBP refreshes to week-high near 0.8500 ahead of Eurozone inflation
"The article highlights a fresh two‑week high above 0.8500 ahead of Eurozone HICP inflation data, directly influencing the EUR/GBP pair’s upward momentum and explaining the positive EOD return."
EUR/USD
EOD Return: 0.00%
Forex Today: Dollar builds on last week's gains amid hawkish Fed bets
"Powell’s hawkish Jackson Hole speech drove the dollar higher, directly supporting the EUR/USD decline on that day."
GBP/USD
EOD Return: -0.00%
UK economy will enter recession in Q4 but will be relatively mild – Goldman Sachs
"Goldman Sachs’ forecast of a UK recession in Q4 directly undermines confidence in the pound, driving the GBP/USD pair lower on that day."
NZD/USD
EOD Return: -0.00%
NZD/USD seems vulnerable near multi-week low, just above 0.6100 mark amid stronger USD
"It highlights a multi‑week low driven by aggressive Fed rate hike bets and rising US bond yields, directly supporting the USD against the NZD and explaining the negative move."
USD/CAD
EOD Return: 0.01%
USD/CAD rises to 1.3075 area, highest since mid-July amid broad-based USD strength
"The article reports a rise in USD/CAD to its highest level since mid‑July driven by sustained USD buying and an uptick in oil prices that supports the Canadian dollar, directly explaining the 0.64% end‑of‑day gain."
USD/CHF
EOD Return: 0.01%
USD/CHF hits one-month highs above 0.9700
"The article reports USD/CHF reaching a one‑month high above 0.9700, indicating a significant bullish move that aligns with the 0.60% end‑of‑day gain."
USD/CNY
EOD Return: 0.00%
USD/CNY: The bias is tilted overwhelmingly to the upside – Commerzbank
"It directly discusses the PBoC’s adjustment to manage CNY weakness, cites a higher reference rate than forecast, and highlights overall upside bias due to recent USD strength—factors most likely driving the 0.06% rise."
USD/IDR
EOD Return: -0.00%
USD/IDR: Bias leans towards further upside – UOB
"The UOB analyst’s bullish outlook for USD/IDR, coupled with the failure to break key resistance levels, directly explains the currency’s decline on that day."
"The article highlights a risk‑off sentiment driven by expectations of another Fed rate hike and the USD/INR attempting to break above the psychological 80.00 level, directly influencing the pair’s downward movement."
USD/JPY
EOD Return: 0.00%
USD/JPY to reach 140.00 or higher by early next year – Wells Fargo
"The article highlights Jerome Powell’s reaffirmation of the Fed’s inflation‑targeting stance and the continued divergence with BOJ policy, directly supporting the USD/JPY rally seen on that day."
USD/MXN
EOD Return: 0.01%
USD/MXN Price Analysis: Resistance area at 20.15/20 holds after first test
"The article highlights a key resistance level around 20.20 for USD/MXN; breaking this level would likely provide upward momentum for the dollar, directly influencing the positive EOD return."
USD/MYR
EOD Return: -0.00%
USD/MYR: Strong resistance emerges at 4.4980 – UOB
"The article discusses a strong resistance level at 4.4980 for USD/MYR, indicating potential upside pressure and explaining the recent dip to 4.4650, directly influencing the currency’s negative return on that day."
USD/TRY
EOD Return: 0.00%
USD/TRY bulls approach the record high above 18.00 as Fed hawks propel DXY
"The article highlights a jump in hawkish Fed bets after Powell’s speech, driving up the USD/TRY pair through higher DXY and inflation concerns, directly influencing the currency’s slight gain."