Most Important News for 2023-06-21

AUD/USD
EOD Return: -0.01%
AUD/USD extends losses to 0.6750 Fed Powell confirms more rate hikes this year
"Fed Chair Jerome Powell’s confirmation of additional rate hikes this year directly pressured the AUD, driving the pair down to its lowest levels for the day."
EUR/CHF
EOD Return: -0.00%
SNB Preview: Two scenarios and their implications for EUR/CHF – Credit Suisse
"The article highlights the imminent SNB policy meeting and outlines hawkish versus dovish scenarios that directly influence EUR/CHF expectations, making it the most relevant news for the day's price movement."
EUR/GBP
EOD Return: -0.00%
EUR/GBP reverses UK CPI-inspired losses, flat-lines around mid-0.8500s
"The article reports that the EUR/GBP reversed losses after a stronger UK CPI release, indicating a pound‑strengthening event directly impacting the pair’s price movement."
EUR/JPY
EOD Return: 0.01%
EUR/JPY retakes the zone at 155.50 post ECB’s speakers
"The article cites ECB speakers hinting at further rate hikes, directly supporting the euro against the yen, which aligns with the positive EOD return."
EUR/SEK
EOD Return: 0.00%
EUR/SEK: Krona will stay weak – Danske Bank
"Danske Bank’s analysis highlights the pair as overbought and signals a short‑term rally reversal, directly explaining the modest 0.12% gain in EUR/SEK."
EUR/USD
EOD Return: -0.00%
EUR/USD snaps losing streak amid Fed Powell’s testimony, broad USD weakness
"Powell’s testimony directly weakened the US dollar, leading to a modest EUR/USD gain that set the tone for the day’s negative return."
GBP/USD
EOD Return: -0.00%
Breaking: UK annual CPI inflation steadies at 8.7% in May vs. 8.4% expected
"The UK annual CPI rose to 8.7%, higher than expected, leading traders to anticipate a larger BoE rate hike and causing the GBP/USD pair to decline sharply."
NZD/USD
EOD Return: -0.00%
NZD/USD rises to the 0.6200 zone during Powell’s testimony
"Powell’s hawkish comments during his testimony strengthened the USD, directly contributing to the NZD/USD decline on that day."
USD/BRL
EOD Return: 0.00%
USD/BRL: Real rally to peter out in the coming months – Commerzbank
"The article discusses a potential end to the Real rally and highlights key economic factors such as BCB policy stance, fiscal outlook, and trade surplus, directly influencing USD/BRL sentiment."
USD/CAD
EOD Return: -0.00%
BoC’s Summary of Deliberations: Policy needed to be more restrictive
"The Bank of Canada’s unexpected 25‑basis‑point rate hike on June 7 directly strengthened the Canadian dollar, driving USD/CAD lower and explaining the day’s negative return."
USD/CHF
EOD Return: 0.00%
USD/CHF continues oscillation below 0.9000 ahead of Fed Powell’s testimony and SNB policy
"The article highlights upcoming Fed testimony and an expected SNB rate hike, directly influencing USD/CHF sentiment and likely driving the 0.18% move."
USD/CNY
EOD Return: 0.00%
PBOC sets USD/CNY reference rate at 7.1795 vs. 7.1596 previous
"The PBOC’s setting of the USD/CNY reference rate directly influences the currency pair’s value and is a primary driver for any price movement on that day."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Indian Rupee slides below 82.00 as US Dollar grinds higher, Fed clues, China eyed
"The article directly links the USD/INR movement to Fed signals and US data, explaining the rupee’s slide below 82.00 and the dollar’s rise—key drivers of the 0.02% EOD return."
USD/JPY
EOD Return: 0.01%
USD/JPY approaches 142.00 amidst Fed Powell testimony and risk aversion
"The article directly links the USD/JPY movement to Fed Chair Jerome Powell’s testimony and anticipated rate hikes, providing a clear catalyst for the 0.87% gain."
USD/MXN
EOD Return: 0.00%
USD/MXN drops despite hawkish remarks from Fed Powell; Banxico decision in focus
"The article highlights that the Mexican Peso strengthened against the USD even after Fed Powell’s hawkish remarks, due to market expectations that Banxico will keep rates unchanged—directly explaining the positive return."
USD/TRY
EOD Return: 0.06%
USD/TRY to move around 24 by end-Q3, Lira to significantly outperform forwards – SocGen
"The article outlines a projected 650 bps rate hike by the CBRT and strong tourist inflows, directly supporting the TRY and explaining the sharp 5.60% gain."