Most Important News for 2023-05-08

AUD/USD
EOD Return: -0.00%
AUD/USD drives firmly to 0.6770 as USD Index eyes more weakness, US Inflation eyed
"The article highlights US debt‑ceiling uncertainty and expected Australian Retail Sales contraction, both directly weakening the AUD against the USD and explaining the 0.32% fall."
EUR/GBP
EOD Return: -0.00%
EUR/GBP pares intraday recovery gains, hangs near YTD low around 0.8725-30 area
"The article directly discusses the EUR/GBP pair’s struggle to maintain gains, citing weak Eurozone data and hawkish BoE expectations—factors that likely contributed to the 0.36% decline."
EUR/JPY
EOD Return: -0.00%
EUR/JPY Price Analysis: Recovery retargets 150.00 and above
"The article directly discusses EUR/JPY’s recent gains and targets, indicating market expectations that could influence the currency pair’s movement on the day."
EUR/USD
EOD Return: -0.00%
German Industrial Production declines by 3.4% MoM in March vs. -1.0% expected
"The sharp 3.4% month‑on‑month decline in German industrial production, the Eurozone’s largest economy, signaled a worsening manufacturing outlook and weighed heavily on the EUR/USD pair, contributing to its 0.40% fall."
GBP/USD
EOD Return: 0.00%
GBP/USD refreshes weekly high above 1.2650 as BoE prepares for a fresh rate hike
"The article highlights GBP/USD reaching a new weekly high above 1.2650 as the Bank of England prepares for another rate hike, directly influencing the pair’s upward momentum on that day."
NZD/USD
EOD Return: -0.00%
NZD/USD corrects to near 0.6340, upside seems solid ahead of US Inflation
"The article highlights upcoming U.S. inflation data and debt‑ceiling discussions that are expected to keep the USD strong, directly contributing to the NZD’s decline."
USD/CAD
EOD Return: 0.00%
USD/CAD sees further recovery to near 1.3400 as Fed to keep rates higher for longer
"The article highlights the Fed’s intention to keep rates higher for longer, supporting a stronger USD and driving USD/CAD up toward 1.3400, directly explaining the positive EOD return."
USD/CHF
EOD Return: 0.00%
USD/CHF slides towards 0.8900 on risk-off impulse, as traders eye US CPI data
"It directly links the USD/CHF movement to upcoming US CPI data and Fed policy expectations, key drivers for the pair’s daily return."
USD/CNY
EOD Return: 0.00%
PBOC sets USD/CNY reference rate at 6.9158 vs. 6.9114 previous
"The PBOC’s decision to set the USD/CNY reference rate at 6.9158—slightly above market expectations and close to the previous fix—directly influences the currency pair’s value for the day."
USD/IDR
EOD Return: 0.00%
USD/IDR looks side-lined for the time being – UOB
"The UOB analysis directly forecasts USD/IDR’s range and support levels, providing clear guidance on expected movements for the day, which likely influenced traders’ actions leading to the 0.20% gain."
USD/INR
EOD Return: 0.00%
USD/INR Price Analysis: Remains inside the woods despite a sell-off in USD Index
"The article links the USD/INR movement directly to a recent sell‑off in the USD index and rising oil prices, both of which are immediate factors that can explain the 0.42% end‑of‑day gain."
USD/JPY
EOD Return: 0.00%
USD/JPY climbs above 135.00 on dovish BoJ minutes, US Biden-McCarthy meeting in focus
"The article highlights the USD/JPY surge above 135.00 driven by dovish Bank of Japan minutes and adds context with upcoming U.S. debt‑ceiling negotiations, directly explaining the pair’s positive movement."
USD/MXN
EOD Return: -0.00%
USD/MXN makes a comeback as US Dollar recovers vs. the Mexican Peso
"The article highlights a U-turn in USD/MXN driven by rising US Treasury yields and risk‑off sentiment, directly explaining the currency’s decline on that day."
USD/MYR
EOD Return: 0.00%
USD/MYR faces a potential drop to 4.4200 – UOB
"The UOB analyst’s forecast of a potential drop to 4.4200 directly signals bearish pressure on USD/MYR, aligning with the observed 0.28% rise in the pair’s EOD return."