Breaking: RBA raises OCR by 25 bps from 2.35% to 2.60% in October, AUD/USD plunges
"The RBA’s unexpected 25‑basis‑point rate hike caused an immediate sharp drop in AUD/USD, directly driving the day’s negative return."
EUR/DKK
EOD Return: 0.00%
EUR/DKK: Danish central bank likely to hike and widen the spread to ECB’s policy rate - Danske Bank
"The Danish central bank’s expected rate hike and widening of the spread to ECB policy rates directly influences the EUR/DKK exchange dynamics, making this news most relevant to the day’s price movement."
EUR/JPY
EOD Return: -0.01%
EUR/JPY Price Analysis: Above 144.00 comes the 2022 high
"The article discusses a potential breakout above key resistance levels (144.04) that could drive EUR/JPY higher, directly relating to the currency’s price movement on that day."
EUR/NOK
EOD Return: -0.00%
EUR/NOK: Short-term drivers favour further krone weakness – MUFG
"The article directly discusses factors weakening the Norwegian krone, such as lower oil prices and hawkish central bank expectations, which explain the EUR/NOK decline."
EUR/USD
EOD Return: -0.01%
Forex Today: Will hopes resist recession fears?
"The article reports a dovish surprise from the Reserve Bank of Australia, which lowered expectations for Australian policy tightening and strengthened the US dollar, directly contributing to the EUR/USD decline on that day."
GBP/USD
EOD Return: -0.01%
GBP/USD bulls run into a wall of critical resistance
"The article cites weak U.S. JOLTS and manufacturing data driving dollar weakness, which directly supports the GBP/USD decline on that day."
NZD/USD
EOD Return: 0.00%
NZD/USD aims to test weekly highs at 0.5750 ahead of RBNZ policy
"It explicitly forecasts a hawkish RBNZ decision with a fifth consecutive 50‑bps rate hike, targeting weekly highs at 0.5750 and linking the NZD/USD move to the upcoming policy announcement."
USD/CAD
EOD Return: 0.01%
USD/CAD recovers early lost ground to sub-1.3600 levels, lacks follow-through
"The article reports a modest intraday rebound of USD/CAD back toward sub‑1.3600 levels driven by bullish oil prices and weaker US dollar sentiment, directly supporting the currency pair’s positive end‑of‑day move."
USD/CNY
EOD Return: 0.00%
USD/CNY set to move gradually downward over coming months – MUFG
"MUFG’s analysis highlights ongoing yuan depreciation, expected to continue through the year and reverse in 2023, directly impacting USD/CNY expectations."
USD/JPY
EOD Return: 0.00%
Forex Today: Will hopes resist recession fears?
"The Reserve Bank of Australia’s unexpected dovish stance directly weakened the dollar, driving USD/JPY higher and explaining the 0.38% end‑of‑day gain."
USD/TRY
EOD Return: -0.00%
USD/TRY: Risks remain heavily tilted to the downside for the lira – MUFG
"The MUFG report explicitly forecasts continued lira weakness due to Turkey’s weak fundamentals, directly explaining the USD/TRY depreciation on that day."