Most Important News for 2023-02-24

AUD/USD
EOD Return: 0.00%
AUD/USD rebound eyes 0.6850 amid mixed sentiment ahead of Fed’s favorite inflation gauge
"The article highlights a rebound toward 0.6850 driven by favorable China and Japan headlines and anticipation of the US Core PCE data, directly supporting the AUD/USD's modest end‑of‑day gain."
EUR/GBP
EOD Return: -0.00%
Dovish BoE should weigh on the Pound – Commerzbank
"The BoE’s dovish signal directly weakens the Pound, explaining the EUR/GBP decline."
EUR/JPY
EOD Return: 0.00%
EUR/JPY shows a V-shape move as BoJ Udea cites current monetary policy appropriate
"The news highlights Bank of Japan Governor nominee Ueda’s remarks on monetary policy, directly influencing EUR/JPY volatility and likely driving the positive end‑of‑day return."
EUR/USD
EOD Return: 0.01%
EUR/USD breaks above 1.0600 as yields extend losses, US PCE Inflation in focus
"The article highlights the EUR/USD rebound driven by the release of US PCE inflation data, directly linking the positive economic indicator to the currency’s upward movement."
GBP/USD
EOD Return: 0.01%
GBP/USD sticks to modest gains above 1.2000, focus remains glued to US PCE Price Index
"The article highlights expectations of further Bank of England rate hikes, providing a clear bullish catalyst for GBP/USD and directly supporting the positive price movement."
NZD/USD
EOD Return: 0.00%
NZD/USD hangs near monthly low, holds above 200-day SMA ahead of US PCE Price Index
"The article highlights expectations of further Fed rate hikes and the upcoming US Core PCE Price Index, both key drivers behind the USD’s strength against the NZD, directly explaining the 0.10% rise."
USD/CAD
EOD Return: -0.00%
USD/CAD seesaws near 1.3550 despite firmer Oil price as markets await US PCE inflation
"The article highlights the USD/CAD’s reversal of gains and its sensitivity to upcoming US PCE inflation data, along with oil price movements and Fed concerns—factors directly influencing the pair’s downward move on that day."
USD/CHF
EOD Return: -0.01%
USD/CHF Price Analysis: Bears eye a break to test 0.9320 and 0.9290
"The article provides a bearish outlook for USD/CHF with specific support levels and expectations of a downward move, directly aligning with the observed -0.55% EOD decline."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 6.8942 vs. the previous fix of 6.9028
"The PBOC’s daily midpoint fix lowered the onshore yuan to 6.8942, directly supporting a stronger CNY and contributing to the USD/CNY decline."
USD/ILS
EOD Return: -0.00%
USD/ILS: Shekel may be poised for a strong rebound by the end of Q1-2023 – Wells Fargo
"The article forecasts a significant shekel rebound driven by potential Bank of Israel FX intervention, directly influencing USD/ILS movement."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee stays depressed near 82.80 during five week losing streak
"It directly describes the rupee’s recent weakness at 82.80, attributing losses to oil prices and hawkish Fed expectations—factors that likely drove the -0.33% daily decline."
USD/JPY
EOD Return: -0.00%
USD/JPY builds on strong intraday rally, climbs to 136.00 on stronger US PCE Price Index
"The article highlights a stronger-than-expected US PCE index and BoJ Governor nominee Ueda’s dovish remarks, both of which support the dollar against the yen, directly explaining the USD/JPY decline."
USD/MXN
EOD Return: -0.00%
USD/MXN: Peso to struggle amid Banxico’s concerns about stubborn inflation – Commerzbank
"Banxico’s concerns about stubborn inflation directly signal potential peso weakness, aligning with the observed depreciation and explaining the negative return."