Most Important News for 2023-04-11

AUD/USD
EOD Return: 0.01%
Australia reaches an agreement with China to settle dispute over barley
"The agreement between Australia and China to settle the barley dispute directly supported AUD/USD by removing a trade barrier, leading to a clear positive price move."
EUR/GBP
EOD Return: 0.00%
EUR/GBP lacks any firm direction, consolidates in a range below 100-day SMA
"The article highlights expected ECB rate hikes and strong Eurozone data that support the euro, directly influencing the EUR/GBP pair’s movement."
EUR/JPY
EOD Return: 0.00%
EUR/JPY Price Analysis: Sustained gains seen above 145.67
"The article reports a sustained rally for EUR/JPY, breaking the key 145.00 barrier and targeting higher levels, directly explaining the positive end‑of‑day movement."
EUR/USD
EOD Return: 0.01%
ECB’s Villeroy: Eurozone inflation at risk of getting entrenched
"The ECB’s warning that eurozone inflation could become entrenched signals continued tightening, supporting the Euro and driving the EUR/USD upward on that day."
GBP/USD
EOD Return: 0.00%
GBP/USD bulls hope US prices have cooled, eye break of 1.2520
"It directly links GBP/USD bullish sentiment to expected US inflation cooling and a target break of 1.2520, explaining the positive movement on that day."
NZD/USD
EOD Return: 0.01%
NZD/USD surrenders modest intraday gains, holds steady above 0.6200 amid weaker USD
"The article highlights a softer US dollar and positive risk sentiment, both of which support the NZD/USD pair’s upward movement on that day."
USD/BRL
EOD Return: -0.02%
USD/BRL will struggle to sustain a move below 5.00 – ING
"The article discusses the Brazilian Real’s recent strength and a new fiscal framework that could prompt a rate cut, directly influencing USD/BRL expectations and contributing to its decline."
USD/CAD
EOD Return: -0.00%
USD/CAD eyes more downside to 1.3450 ahead of US inflation and BoC policy
"The article highlights upcoming U.S. inflation data and expectations of the Bank of Canada keeping rates steady, directly influencing USD/CAD’s downward pressure on the day."
USD/CHF
EOD Return: -0.01%
USD/CHF bears approach multi-month low near 0.9000 as US inflation, Fed Minutes loom
"It directly references upcoming US CPI and Fed minutes, key economic indicators that likely influenced the USD/CHF decline."
USD/CNY
EOD Return: -0.00%
PBOC sets USD/CNY reference rate at 6.8882 vs. 6.8764 previous
"The PBOC’s decision to raise the USD/CNY reference rate from 6.8764 to 6.8882 directly weakened the yuan against the dollar, driving the negative return."
USD/IDR
EOD Return: -0.00%
USD/IDR faces a strong support at 14,830 – UOB
"The article outlines a clear technical support level at 14,830 and predicts a potential drop to 14,925, directly explaining the slight negative return for USD/IDR on that day."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Climbs above 82.00 as US core inflation seems hot due to tight US labor market
"The article reports the USD/INR pair breaking above key resistance at 82.00 driven by expectations of hot U.S. core inflation, directly supporting a stronger dollar and weaker rupee, which explains the negative return."
USD/JPY
EOD Return: -0.00%
Forex Today: US Dollar retreats as trading conditions normalize
"The article highlights the US dollar’s struggle to gain strength on April 11 due to normalizing trading conditions and upcoming Fed speeches, directly explaining the downward pressure on USD/JPY that led to its -0.40% EOD return."
USD/KRW
EOD Return: 0.00%
BoK holds rate at 3.50% in April, warns of weak economic growth
"The Reuters report confirms the Bank of Korea held its policy rate at 3.50% while warning of weak economic growth, directly influencing expectations for the USD/KRW pair and contributing to the modest positive return."
USD/MYR
EOD Return: -0.00%
USD/MYR: Further range bound remains on the table – UOB
"The article directly discusses USD/MYR’s expected range and recent narrowing, indicating a likely consolidation that aligns with the observed 0.14% decline."