Forex Today: US Dollar on the back foot following CPI-inspired selloff
"The article highlights soft U.S. inflation data (CPI) driving a sell‑off in the dollar, directly impacting AUD/USD movements on April 13."
EUR/GBP
EOD Return: 0.00%
EUR/GBP Price Analysis: Further downside hinges on 0.8770 and UK data dump
"The article highlights a reversal from recent gains and references upcoming key UK economic data, directly influencing EUR/GBP’s price movement."
EUR/JPY
EOD Return: 0.00%
EUR/JPY Price Analysis: Bullish outlook remains unchanged
"The article highlights a bullish outlook for EUR/JPY, noting advances to new highs near the 147.00 level, which directly supports the observed 0.43% end‑of‑day gain."
EUR/USD
EOD Return: -0.00%
US Dollar devaluation continues after US inflation data
"US inflation data weakened the dollar, leading to a sharp decline in EUR/USD on that day."
GBP/USD
EOD Return: -0.01%
UK GDP arrives at 0% MoM in February vs. 0.1% expected
"The release of UK GDP showing 0% growth versus the market’s 0.1% expectation directly weakened the pound, leading to the -0.86% EOD return."
NZD/USD
EOD Return: -0.02%
NZD/USD steadies near 0.6300 amid softer New Zealand PMI, recession woes
"The article highlights a significant drop in New Zealand’s PMI to a three‑month low and explicit recession concerns from the Finance Minister, directly weakening the Kiwi against the dollar and explaining the sharp decline."
USD/CAD
EOD Return: 0.00%
USD/CAD hovers below 1.3350 after a nosedive move inspired by weak US Inflation outlook
"The article cites a sharp drop in the USD due to weak US inflation data and higher jobless claims, directly explaining the pair’s upward move on that day."
USD/CHF
EOD Return: 0.00%
USD/CHF delivers a pullback to near 0.8900, downside looks likely ahead of US Retail Sales
"The article cites a lower-than-expected US PPI report that dumped the USD Index, directly explaining the USD/CHF pullback and the day's positive return."
USD/CNY
EOD Return: 0.00%
USD/CNY fix: 6.8658 vs. the last close of 6.8721
"The PBOC’s daily midpoint fix directly sets the onshore yuan rate, which is a primary driver of USD/CNY movements and explains the modest 0.05% gain."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Rupee grinds near 81.90 as India growth optimism supersedes easy inflation woes
"The article directly discusses USD/INR movement, citing India growth optimism and US inflation data affecting the dollar, which explains the 0.21% rise."
"The article reports a sharp drop of USD/JPY to the 132.00 level driven by softer US PPI data confirming expectations of a Fed rate‑hike pause and recession risks, directly explaining the strong 0.91% gain."
USD/KRW
EOD Return: 0.00%
BoK Governor Rhee: Not worried about specific USD/KRW rate
"The statement from the Bank of Korea governor that he is not concerned about the USD/KRW rate and that monetary policy remains unchanged directly influences expectations for the currency pair, making it the most relevant news item."
USD/MXN
EOD Return: 0.00%
USD/MXN shifts during the trading session, printing a new weekly low below 18.0000
"The article highlights US initial jobless claims exceeding estimates and a lower producer inflation, reinforcing expectations of a Fed rate cut, which directly influences USD/MXN movements."
USD/ZAR
EOD Return: 0.00%
USD/ZAR forecast to move lower over the next months – CIBC
"The CIBC forecast predicts a significant depreciation of the ZAR against the USD, directly indicating market expectations for a weaker ZAR and supporting the observed positive return on USD/ZAR."