Most Important News for 2023-03-09

AUD/USD
EOD Return: -0.00%
AUD/USD remains fragile below 0.6600 as US NFP looms
"The article highlights the upcoming US Non‑Farm Payrolls and a risk‑off mood driven by downbeat China inflation and Biden’s budget proposal, directly influencing AUD/USD’s decline."
EUR/CHF
EOD Return: -0.01%
EUR/CHF: SNB to prevent a move above 1.00 – Danske Bank
"The article reports a potential 50 bp rate hike by the Swiss National Bank in March, directly influencing the EUR/CHF pair to stay below parity and contributing to its negative return."
EUR/GBP
EOD Return: -0.00%
GBP/USD: 1.1650 certainly looks like the direction of travel – ING
"The ING analysis directly links a potential drop in GBP/USD toward 1.1650 with hawkish Fed policy and an early BoE pause, which would weaken the pound against the euro and explain the EUR/GBP decline."
EUR/JPY
EOD Return: -0.00%
EUR/JPY Price Analysis: Further losses on the cards below the 100-day SMA
"The article details a sharp decline in EUR/JPY below key technical levels (100‑day SMA and weekly low), indicating strong selling pressure that explains the negative return."
EUR/USD
EOD Return: 0.01%
ECB's Villeroy: We will bring inflation back to 2% by end-2024 or end-2025
"ECB policymaker Francois Villeroy’s statement on bringing inflation back to 2% by end‑2024/end‑2025 directly influenced market sentiment, lifting EUR/USD and contributing to the day’s positive return."
GBP/USD
EOD Return: 0.01%
GBP/USD grinds higher past 1.1900 ahead of UK data dump, US NFP
"It directly references the upcoming UK GDP data and US Non‑Farm Payrolls, both critical economic indicators that likely drove the GBP/USD rally on March 9."
NZD/USD
EOD Return: 0.01%
NZD/USD climbs back closer to mid-0.6100s amid an intraday USD corrective decline
"The article highlights expectations of a 50 bps Fed rate hike in March, which would limit USD gains and act as headwind for the dollar, thereby supporting the NZD/USD pair’s rise."
USD/CAD
EOD Return: 0.00%
BoC’s Rogers: It’s a conditional pause
"The BoC’s senior deputy governor announced a conditional pause in rate hikes, directly influencing market expectations for the CAD and explaining the modest USD/CAD movement."
USD/CHF
EOD Return: -0.01%
USD/CHF declines towards 0.9300 as Fed’s bigger rate hike fears trim, US NFP eyed
"The article highlights Fed’s larger rate hike expectations and weakening U.S. labor market data (higher lay-offs and initial claims), directly supporting the USD’s weakness against CHF, which aligns with the negative EOD return."
USD/CNY
EOD Return: -0.01%
USD/CNY fix: 6.9666 vs. the prior close of 6.9565
"The PBOC’s daily midpoint fix directly set the onshore yuan at 6.9666, causing a clear depreciation of USD/CNY and explaining the negative EOD return."
USD/IDR
EOD Return: 0.00%
USD/IDR Price News: Rupiah ignores lowest Indonesia Retail Sales since September 2021
"The article reports a sharp decline in Indonesia Retail Sales, the lowest since September 2021, directly weakening the IDR against the USD and explaining the positive EOD return for USD/IDR."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee cheers US Dollar’s retreat from YTD high below 82.00
"The article directly discusses the USD/INR pair’s reaction to the dollar retreat from a year‑to‑date high, explaining the rupee’s rebound and linking it to key employment data expectations, which likely drove the negative return."
USD/JPY
EOD Return: -0.01%
USD/JPY bears testing 137.00 after Japan GDP
"The release of Japan’s Q4 GDP data, showing a lower-than-expected growth rate, directly impacted USD/JPY by weakening the dollar and pushing the pair below key levels, explaining the significant negative return."
USD/MXN
EOD Return: 0.01%
USD/MXN advances above the 18.00 figure as traders rush to safety
"The article links US jobless claims and potential Fed rate hikes with Mexican inflation easing, directly affecting USD/MXN sentiment and explaining the 0.71% rise."