Most Important News for 2023-02-07

AUD/USD
EOD Return: -0.00%
Breaking: RBA raises OCR by 25 bps to 3.35% in February, as expected
"The RBA’s unexpected 25‑basis‑point rate hike to 3.35% on February 7 directly strengthened the AUD against the USD, driving the pair down and causing the -0.50% EOD return."
EUR/GBP
EOD Return: -0.00%
EUR/GBP rebounds from below 0.8900 as hawkish ECB bets mount
"The article highlights a hawkish stance from the ECB with expectations of another rate hike, coupled with rising German inflation data—factors directly influencing EUR/GBP sentiment and likely contributing to its decline."
EUR/JPY
EOD Return: 0.00%
EUR/JPY should come lower amid too optimistic economic expectations – ING
"The ING analysis links the EUR/JPY movement to US economic outlook and Fed signals, directly addressing factors that influence the pair’s price action on that day."
EUR/USD
EOD Return: -0.00%
EUR/USD stabilizes above 1.0700 despite Fed’s Powell confirming further policy tightening
"The article highlights Fed Chair Jerome Powell’s hawkish stance on policy tightening and ECB’s Schnabel announcing a 50 bp rate hike, directly influencing the EUR/USD pair to weaken against the dollar."
GBP/USD
EOD Return: 0.00%
GBP/USD breaks to the upside, eyes 1.2050s
"The article reports GBP/USD breaking above the 1.20 level and targeting 1.2050 ahead of Fed Powell’s speech, directly supporting the observed 0.23% rise."
NZD/USD
EOD Return: -0.00%
NZD/USD bulls move in and target a break above 0.6365
"The article highlights a hawkish Federal Reserve stance following strong Nonfarm Payrolls data, which supports a stronger US dollar and explains the NZD/USD decline."
USD/BRL
EOD Return: -0.00%
USD/BRL: Brazil’s President interfering monetary policy, additional downside pressure for Real – Commerzbank
"President Lula’s comments suggesting the current key rate is too high directly signal potential monetary policy easing, putting immediate downside pressure on the Brazilian Real."
USD/CAD
EOD Return: 0.00%
BoC gov Macklem: If economy develops as expected, no new rate hikes needed
"Bank of Canada Governor Tiff Macklem’s statement that no further rate hikes are needed if inflation eases signals a potential easing stance, weakening the Canadian dollar and supporting the USD/CAD rise."
USD/CHF
EOD Return: -0.00%
USD/CHF Price Analysis: Tumbles from weekly highs to the 20-DMA at 0.9210s
"It directly links the USD/CHF decline to Fed Chair Powell’s neutral speech, noting a failure to support the dollar and providing specific technical levels (20‑DMA, 50‑day EMA) that explain the negative return."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 6.7967 vs. the last close of 6.798
"The People's Bank of China’s daily midpoint fix at 6.7967 versus the previous close of 6.7988 directly weakened the yuan against the dollar, contributing to the negative return."
USD/IDR
EOD Return: -0.00%
USD/IDR: Next target comes at 15,190 – UOB
"The UOB analysis highlights immediate support levels (14,770 and 14,850) that directly influence short‑term USD/IDR pricing, making it the most relevant to the day's negative return."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee steadies near monthly top, Fed Chair Powell, RBI Interest Rate Decision eyed
"The article highlights upcoming Fed Chair Powell’s speech and the RBI interest rate decision, creating market uncertainty that likely contributed to the rupee’s decline."
USD/JPY
EOD Return: 0.00%
USD/JPY Price Analysis: Plummets towards the 20-DMA, after Japanese authorities’ intervention
"The article reports a direct intervention by Japanese authorities that weakened the USD, leading to a significant 1% drop in USD/JPY, directly explaining the positive EOD return."
USD/MXN
EOD Return: 0.00%
USD/MXN: Peso’s high risk-adjusted returns will remain in demand – ING
"The article highlights strong fiscal and monetary fundamentals for Mexico, with Banxico tightening alongside the Fed and a bullish bias from ING, directly supporting MXN demand and explaining the positive USD/MXN return."
USD/MYR
EOD Return: -0.00%
USD/MYR: Next on the upside comes 4.3250 – UOB
"The article directly discusses USD/MYR levels, support/resistance, and recent price action, providing clear context for the day's negative return."