Most Important News for 2023-04-04

AUD/USD
EOD Return: -0.00%
Breaking: RBA steers rates on a steady course at 3.60% in April, as expected
"The RBA’s decision to keep rates unchanged at 3.60% directly triggered a sharp sell‑off in AUD/USD, causing the pair to drop nearly 15 pips and contributing to the day’s -0.50% return."
EUR/GBP
EOD Return: -0.00%
GBP/USD to struggle to break 1.25 as BoE's Huw Pill speech could weigh on Sterling – ING
"BoE Governor Huw Pill’s speech was expected to weigh on the pound, weakening GBP against USD and thereby pushing down EUR/GBP."
EUR/JPY
EOD Return: -0.01%
EUR/JPY struggles to justify growth optimism for the bloc around 144.00, EU/Japan PMIs eyed
"The article highlights key negative catalysts for EUR/JPY: the Bank of Japan’s potential exit from easy money policies and downbeat yields, which directly contributed to the currency pair’s decline."
EUR/USD
EOD Return: -0.00%
EUR/USD rises above 1.0900 on growing speculation for a Fed pause
"The article reports a significant drop in U.S. job openings (JOLTS) and growing expectations of a Fed pause, directly weakening the dollar and contributing to the EUR/USD decline."
GBP/USD
EOD Return: -0.00%
BoE’s Tenreyro: BoE might need to cut rates sooner than thought
"BoE’s Silvana Tenreyro explicitly warned that the high bank rate may require an earlier and faster reversal, signalling a potential loosening of policy that would weigh on the pound and contribute to its decline."
NZD/USD
EOD Return: 0.00%
NZD/USD traders await the RBNZ
"The news highlights that the Reserve Bank of New Zealand (RBNZ) was a key scheduled event for the day, directly influencing NZD/USD sentiment and contributing to the 0.10% rise."
USD/CAD
EOD Return: 0.00%
USD/CAD rises above 1.3450 despite broad USD weakness
"The article reports USD/CAD climbing above 1.3450 driven by weak U.S. data and a falling WTI price, directly explaining the 0.14% end‑of‑day gain."
USD/CHF
EOD Return: 0.00%
USD/CHF juggles near fresh 19-month low below 0.9060 as US labor market cools down
"The article highlights a cooling US labor market and expectations of an early Fed pause, directly influencing the USD/CHF pair’s movement toward a 19‑month low."
USD/CNY
EOD Return: 0.00%
USD/CNY fix: 6.8699 versus the previous close of 6.8770
"The daily midpoint fix by PBOC directly sets the USD/CNY rate, providing a concrete price level that influences market pricing and is highly relevant to the day's return."
USD/INR
EOD Return: -0.00%
USD/INR: RBI to maintain a hawkish bias, helping to mitigate Rupee weakness – Commerzbank
"It directly cites the RBI’s expected 25 bps rate hike, indicating a hawkish stance that likely pressured the rupee and contributed to its decline."
USD/JPY
EOD Return: -0.00%
USD/JPY drops to six-day lows near 131.50 as US yields tumble
"The article explains the pair’s decline as a direct result of US economic data indicating a slowdown and falling Treasury yields, which aligns with the observed -0.29% EOD return."
USD/MXN
EOD Return: 0.01%
USD/MXN rises above 18.1000 despite a soft USD
"The article explicitly reports that USD/MXN rose above 18.10 on the day, linking the move to US economic data and market sentiment, directly explaining the 0.92% end‑of‑day gain."
USD/SGD
EOD Return: 0.00%
USD/ SGD to decline to 1.30 by Q4 – TDS
"The article predicts a monetary policy tightening by the Monetary Authority of Singapore, which would strengthen the SGD and lead to a decline in USD/SGD."