RBA to hike rates by 50bp in oct, peak rate pushed higher (RTRS poll)
"The Reuters poll indicating an aggressive RBA rate hike of 50bp in October directly supports the Australian dollar, driving a significant upward move in AUD/USD."
EUR/GBP
EOD Return: -0.01%
Sterling to remain under depreciation pressure until end-2022 – Commerzbank
"Commerzbank’s forecast of continued depreciation pressure on sterling, citing BoE rate‑hike reluctance and economic cooling, directly explains the EUR/GBP decline for the day."
EUR/USD
EOD Return: 0.00%
When is the US August PCE Price Index and how could it affect EUR/USD?
"The release of the US Personal Consumption Expenditure (PCE) Price Index for August, a key Fed‑preferred inflation gauge, was expected to influence USD strength and directly affected EUR/USD movement on that day."
GBP/USD
EOD Return: 0.01%
GBP/USD clings to gains near weekly high, bulls await sustained move beyond 1.1200 mark
"The article highlights BoE market intervention, an upward revision of UK GDP, and a positive risk tone that directly supported the GBP/USD rally, aligning with the 1.45% end‑of‑day gain."
NZD/USD
EOD Return: 0.02%
NZD/USD aims to capture 0.5800 on upbeat Caixin Manufacturing PMI data
"The article highlights a strong China Caixin Manufacturing PMI and a fifth consecutive rate hike expectation, both positive catalysts that likely drove the significant NZD/USD gain."
USD/CAD
EOD Return: -0.01%
USD/CAD consolidates weekly gains around 1.3750
"The article highlights the loonie’s worst monthly decline since March 2020 and notes that the USD/CAD pair remained overbought, indicating a strong bearish move against the Canadian dollar that aligns with the significant negative return."
USD/CHF
EOD Return: 0.01%
USD/CHF Price Analysis: Recoups from Thursday’s losses, edges toward 0.9870
"The article highlights a strong upward bias for USD/CHF and cites Federal Reserve officials’ statements that the Fed would not pivot, directly supporting the positive price movement observed on the day."
USD/CNY
EOD Return: 0.00%
USD/CNY fix: 7.0998 vs. the previous fix of 7.1107
"The People's Bank of China’s daily yuan fix directly determines the USD/CNY exchange rate, making this news most relevant to the currency pair’s price movement."
USD/IDR
EOD Return: 0.00%
USD/IDR marches towards $15,300 despite subdued DXY, US PCE in focus
"The article highlights the USD/IDR approaching a key resistance level of $15,275 amid BI’s hawkish stance and market expectations for US PCE data, directly influencing the currency pair’s near‑term movement."
USD/JPY
EOD Return: -0.00%
Forex Today: Eyes on inflation data on last day of Q3
"The article highlights significant selling pressure on the dollar and a 2% decline in the DXY, directly explaining the USD/JPY’s negative movement for the day."