Most Important News for 2023-06-07

AUD/USD
EOD Return: 0.01%
AUD/USD pauses RBA-led rally below 0.6700 as Australia Q1 GDP disappoints, China trade data eyed
"The article reports that AUD/USD retreated after Australia’s Q1 GDP missed expectations while the RBA remained hawkish, directly explaining the pair’s price move on June 7."
EUR/CHF
EOD Return: -0.00%
EUR/CHF: Retest of the 50-DMA near 0.9810 is on the cards – SocGen
"The article focuses on a key technical level (0.9670) and potential downtrend risk for EUR/CHF, directly explaining the negative return."
EUR/GBP
EOD Return: -0.00%
EUR/GBP retreats to 0.8600 as German Industrial Production fails to impress ECB hawks
"The article links the EUR/GBP decline directly to weak German industrial production, a key economic indicator that likely pressured the pair downwards."
EUR/JPY
EOD Return: -0.00%
EUR/JPY bounces off few pips from multi-day low, retakes 149.00 mark
"It directly cites a negative bias for the third successive day and highlights global economic downturn concerns that strengthen the JPY, explaining the EUR/JPY decline."
EUR/SEK
EOD Return: -0.00%
EUR/SEK: A recovery for the Krona seems unlikely in the near term – ING
"ING’s bearish outlook on the Swedish krona and lack of Riksbank support signaled a weakening currency, directly contributing to the EUR/SEK decline."
EUR/USD
EOD Return: 0.01%
EUR/USD leaps over 1.07 on hawkish ECB remarks, US trade deficit expands
"Hawkish ECB commentary pushed EUR/USD above the 1.0700 level, directly driving the strong 0.79% gain for the day."
GBP/USD
EOD Return: 0.01%
KPMG/REC Survey: Momentum in UK labor market fades further in May – Reuters
"The KPMG/REC survey directly reports a weakening UK labour market, which is closely monitored by the Bank of England and traders, making it the most relevant economic indicator for GBP/USD movement."
NZD/USD
EOD Return: 0.01%
NZD/USD Price Analysis: Bulls eye a significant correction to the upside
"The article highlights a surprise hawkish decision from the Reserve Bank of Australia and strong Chinese services data, both of which directly support the New Zealand dollar and explain the significant upside move."
USD/BRL
EOD Return: 0.00%
USD/BRL: The biggest risks for the Real come from the political front – Commerzbank
"The article highlights political factors as the primary risk to the Brazilian Real, directly influencing the USD/BRL exchange rate more than inflation data."
USD/CAD
EOD Return: -0.00%
USD/CAD tumbles to four-week lows near 1.3320 after BoC surprise interest rate hike
"The BoC’s unexpected 25‑basis‑point rate hike to 4.75% directly strengthened the Canadian dollar, driving USD/CAD down sharply on June 7."
USD/CHF
EOD Return: -0.01%
USD/CHF Price Analysis: Stays bearish below 0.9100 despite latest inaction
"The article highlights a bearish trend with declining RSI and MACD signals, directly explaining the significant drop in USD/CHF on that day."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 7.1196 vs. the last close of 7.1180
"The PBOC’s daily midpoint fix directly sets the onshore yuan rate, influencing USD/CNY movements and explaining the negative return."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Indian Rupee slides below 82.50 as RBI Interest Rate Decision looms
"It directly references the upcoming RBI interest rate decision and market sentiment, which are key drivers for USD/INR movements on that day."
USD/JPY
EOD Return: -0.01%
USD/JPY Price Analysis: Looks vulnerable above 139.00
"The article highlighted USD/JPY’s vulnerability above the key 139.00 support level and predicted a downside after a pattern breakdown, directly explaining the pair’s decline on that day."
USD/MXN
EOD Return: 0.00%
USD/MXN collapses to 7-year lows despite risk-off sentiment in markets
"The article explains that the Mexican Peso’s higher interest rate relative to the U.S., combined with a dovish Fed stance and a widening U.S. trade deficit, directly weakened the USD against the MXN, driving the 0.07% gain."
USD/TRY
EOD Return: -0.01%
USD/TRY: A “rational” slap sends the lira to record lows past 23.00
"The article reports USD/TRY reaching new all-time highs above 23.00, indicating a sharp depreciation of the lira and directly explaining the negative EOD return."