China's GDP target could range between 5%-5.5% and be as high as 6% – Reuters
"The Reuters report on a potentially higher Chinese GDP growth target signals stronger economic prospects for Australia, boosting risk‑seeking sentiment and supporting the AUD/USD rise."
EUR/GBP
EOD Return: -0.00%
EUR/GBP aims to recapture 0.8900 as higher German Inflation solidifies hawkish ECB bets
"The article highlights a hawkish ECB stance with an expected 50 bps rate hike and higher German inflation, strengthening the Euro against the Pound and explaining the negative return."
EUR/JPY
EOD Return: -0.00%
EUR/JPY builds a cushion below 145.00 as higher Eurozone Inflation fuels hawkish ECB bets
"The article highlights a surprise rise in Eurozone inflation and the ECB’s hawkish stance, directly influencing expectations of higher rates that can weaken the euro against the yen, matching the negative return."
EUR/USD
EOD Return: 0.00%
Forex Today: Market mood is mixed, eyes on EU inflation data
"The release of the Eurozone HICP data for February and the ECB’s Policy Meeting Accounts on March 2 directly influenced market expectations about inflation and rate hikes, driving the EUR/USD price action."
GBP/USD
EOD Return: 0.01%
GBP/USD stumbles below 1.2000, on US jobs data, high UST bond yields
"The article cites strong U.S. job data and rising Treasury yields that pushed the dollar higher, directly explaining the GBP/USD decline on March 2."
NZD/USD
EOD Return: 0.00%
NZD/USD attempts recovery from 0.6200 as USD Index displays a momentum loss
"The article highlights a surprise rise in the US New Orders Index, indicating expanding forward demand and risk appetite, directly supporting the NZD/USD’s modest gain."
USD/BRL
EOD Return: -0.00%
USD/BRL to trade up to 5.40 as political headwinds are growing for the Real – ING
"The article highlights growing political pressure for the Brazilian central bank to cut interest rates, which directly impacts the USD/BRL exchange rate by weakening the Real."
USD/CAD
EOD Return: -0.00%
USD/CAD clings above 1.3600 after upbeat US jobs data
"The article highlights strong U.S. labor market data lifting the dollar and widening interest rate differentials, directly influencing the USD/CAD pair’s movement on that day."
USD/CHF
EOD Return: -0.01%
USD/CHF bulls struggle at three-month high past 0.9400 ahead of US ISM Services PMI
"The article highlights weaker US dollar momentum due to mixed Fed talks and upcoming PMI data, along with a decline in Treasury yields that pressured the USD/CHF pair, directly explaining its negative return."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 6.8808 vs. the last close of 6.8729
"The People's Bank of China’s daily midpoint fix raised the yuan to 6.8808 versus the previous close of 6.8729, directly weakening USD/CNY and contributing to the negative return."
USD/INR
EOD Return: -0.01%
USD/INR: Likely to peak at 83.00 during Q1 – MUFG
"The MUFG forecast that the rupee will weaken to 83.00 by Q1 directly signals a higher USD/INR rate, aligning with the observed negative return."
USD/JPY
EOD Return: -0.01%
Forex Today: Dollar, yields and stocks rise after US labor market numbers
"The article reports strong U.S. labor market data and rising yields that strengthened the dollar, directly contributing to the yen’s depreciation and the negative return for USD/JPY."
USD/MXN
EOD Return: -0.01%
USD/MXN could test 18.00 for the first time since April 2018 – SocGen
"The article predicts a break below the 18.00 level for USD/MXN, directly indicating a weakening of the dollar against the peso and explaining the significant negative EOD return."
USD/TRY
EOD Return: -0.00%
USD/TRY bulls flirt with 19.00 as upbeat yields join cautious mood ahead of Turkish inflation
"The article directly discusses USD/TRY dynamics, citing US Treasury yields and Turkish inflation data that influence the currency pair’s movement, making it the key driver behind the negative return."