Breaking: RBA hikes OCR by 25 bps to 3.60% in March, as expected
"The Reuters report of the RBA’s 25‑basis‑point rate hike to 3.60% directly influenced market expectations for the Australian dollar, driving its modest gain on the day."
EUR/CHF
EOD Return: -0.00%
EUR/CHF to suffer a substantial drop on a break below 0.9840/0.9830 – SocGen
"The article highlights a key support level breach at 0.9840/0.9830 and anticipates another 50 bps rate hike due to higher inflation, directly explaining the EUR/CHF decline."
EUR/GBP
EOD Return: -0.00%
ECB Knot: ECB can be expected to raise rates for some time after March
"The ECB’s statement about continued rate hikes signals stronger euro support, directly influencing the EUR/GBP pair and explaining its movement on that day."
EUR/JPY
EOD Return: 0.00%
EUR/JPY Price Analysis: Further upside could see 146.70 retested
"The article directly discusses EUR/JPY’s recent upward movement, identifies key resistance levels (145.56, 146.72), and outlines potential catalysts for further gains, making it the most relevant to the 0.10% EOD return."
EUR/USD
EOD Return: -0.00%
EUR/USD tumbles toward 1.0580 as DXY jumps on Fed Powell’s remarks
"Fed Chair Powell’s hawkish remarks directly spurred a sharp USD rally, pushing EUR/USD down more than 50 pips and driving the day’s negative return."
GBP/USD
EOD Return: 0.00%
BoE's Mann: I think more needs to be done with rates
"BoE policymaker Catherine Mann’s comment that more rate action is needed directly signals support for the pound, making it the most relevant news to the GBP/USD price movement on March 7."
NZD/USD
EOD Return: -0.00%
NZD/USD trades at new YTD lows at 0.6103 as investors expect a 50 bps hike in March
"Powell’s hawkish remarks at the Senate triggered a sharp sell‑off in NZD/USD, directly driving the pair down on that day."
USD/CAD
EOD Return: 0.00%
USD/CAD Price Analysis: Climbs to 4-month highs above 1.3700
"Powell’s hawkish remarks directly triggered a sharp rally in USD/CAD, pushing the pair up from around 1.3670 to 1.3744 and driving the 0.38% daily gain."
"The article directly links the USD/CHF rate staying above 0.9400 to hawkish Fed remarks, explaining the immediate impact on the pair’s price movement."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 6.9156 vs. prev fix 6.8951
"The PBOC’s daily midpoint fix directly set the yuan at 6.9156, indicating a tighter control and immediate impact on USD/CNY pricing."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee dribbles near 81.80 amid mixed feelings for Fed Chair Powell
"The article highlights uncertainty around Fed Chair Powell’s testimony, which can influence USD strength and directly affect the INR, explaining the slight depreciation."
USD/JPY
EOD Return: 0.00%
USD/JPY soars toward 136.80s on Powell’s hawkish speech
"Powell’s hawkish remarks directly supported the USD, driving a sharp 0.63% jump in USD/JPY that contributed to the day’s overall 0.15% gain."
USD/MXN
EOD Return: -0.01%
USD/MXN rallies and hits a daily high around 18.1780s on Powell’s appearance at the US Congress
"Powell’s hawkish remarks directly strengthened USD and weakened MXN, explaining the sharp decline in USD/MXN on that day."
USD/TRY
EOD Return: 0.00%
USD/TRY: Lire weakening trend to resume barring a shift away from unorthodox policy settings – MUFG
"The article highlights Turkey’s recent rate cut and fiscal stimulus, directly affecting the TRY’s value against the USD."