Most Important News for 2023-05-03

AUD/USD
EOD Return: 0.00%
AUD/USD hits fresh daily highs above 0.6700 after FOMC
"The Fed’s rate hike and pause signal directly weakened the USD, pushing AUD/USD to a new high above 0.6700, which drove the 0.35% end‑of‑day gain."
EUR/GBP
EOD Return: -0.00%
EUR/GBP eyes 0.8840 as stubborn Eurozone Inflation advocates a bigger rate hike from ECB
"The article highlights a forthcoming BoE rate hike and persistent Eurozone inflation, directly influencing the EUR/GBP pair’s downward pressure on that day."
EUR/JPY
EOD Return: -0.01%
EUR/JPY Price Analysis: Bearish engulfing chart pattern triggers a fall, alongside Fed’s decision
"The article cites the US Federal Reserve’s 25 bps rate hike, directly spooking Euro buyers and explaining the EUR/JPY decline."
EUR/NOK
EOD Return: -0.01%
EUR/NOK to come above 12 as Krone will weaken further until the summer – Nordea
"The article discusses a likely 50 bps rate hike by Norges Bank and the possibility of central bank intervention if EUR/NOK rises sharply, directly impacting the currency pair’s value."
EUR/USD
EOD Return: -0.00%
Forex Today: Dollar slides as Fed delivers as expected
"The article reports the Federal Reserve’s 25‑basis‑point rate hike on May 3, which strengthened the U.S. dollar and directly contributed to the EUR/USD decline that day."
GBP/USD
EOD Return: 0.00%
GBP/USD stays positive at around 1.2550s after Fed’s rate hike
"The article reports the Federal Reserve’s dovish 25‑bps rate hike, directly influencing GBP/USD and explaining its positive movement."
NZD/USD
EOD Return: 0.01%
NZD/USD climbs as US Federal Reserve raises rates 0.25%; a Fed pivot looms
"The US Federal Reserve’s 25‑basis‑point rate increase directly strengthened the USD, leading to a sharp rise in the NZD/USD pair as traders priced in a potential pause and higher relative interest rates for New Zealand."
USD/CAD
EOD Return: -0.01%
USD/CAD bulls move back in as Fed´s Powell balances-out the Fed meeting
"The article highlights a dovish outcome from the Federal Reserve meeting, directly explaining the USD/CAD decline as the dollar weakened sharply on that day."
USD/CHF
EOD Return: 0.00%
USD/CHF drops to fresh 28-month low under 0.8850 on Fed decision
"The article directly links the USD/CHF decline to the Federal Reserve’s dovish 0.25% rate hike, a major catalyst for the pair’s movement on that day."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Rebounds from 81.70 despite weak USD Index and lower oil prices
"The article highlights a weak USD Index, falling oil prices, and US debt‑ceiling worries—all factors that pressured the INR against the dollar, explaining the modest decline."
USD/JPY
EOD Return: -0.00%
USD/JPY seesaws around 135.30 on Fed’s hike as it opens the door for a pause
"The news reports a Fed rate hike and the market interpreting it as a potential pause, directly influencing USD/JPY to fall below key levels, matching the day’s negative return."
USD/MXN
EOD Return: -0.00%
USD/MXN near multi-year lows, as Fed Chair Powell signals flexibility, raises rates by 25 bps
"Fed’s 25‑bp rate hike signaled a weaker dollar and pushed the USD/MXN to new multi‑year lows, directly driving the negative return."