Most Important News for 2023-06-22

AUD/USD
EOD Return: -0.01%
AUD/USD faces stiff barricades around 0.6800 despite hawkish RBA bets, US Dollar rebounds
"The article highlights a strong USD recovery and the expectation of an RBA rate hike, directly supporting the AUD/USD decline on that day."
EUR/CHF
EOD Return: -0.00%
EUR/CHF: Unlikely to embark on a major rally just yet – ING
"The SNB’s unexpected 25‑basis‑point rate hike and hawkish stance directly weakened the CHF against the euro, driving the pair down on that day."
EUR/GBP
EOD Return: -0.00%
EUR/GBP: Relative rates seen as a positive despite the 50 bps surprise – Danske Bank
"The BoE’s surprise 50 bp rate hike directly impacted GBP strength, causing an immediate drop in EUR/GBP that aligns with the day’s negative return."
EUR/JPY
EOD Return: -0.00%
EUR/JPY spikes above 156.00 BoJ needs dovish policy for longer period
"The article highlights BoJ’s continued ultra‑dovish stance and an upcoming ECB rate hike, both key factors likely to pressure the EUR/JPY downwards on June 22."
EUR/NOK
EOD Return: 0.01%
Norges Bank ups the ante and increasea the key rate by 50 bps – Nordea
"The Norges Bank’s 50‑bp rate hike directly strengthened the Norwegian krone, causing EUR/NOK to fall sharply and driving the day’s positive return."
EUR/USD
EOD Return: -0.01%
A strong US Dollar is no longer consensus amongst market participants – Commerzbank
"Fed Chair Jay Powell’s testimony was described as hawkish, reinforcing a strong dollar stance that likely pressured EUR/USD down on the day."
GBP/USD
EOD Return: -0.00%
GBP/USD dives following unexpected BoE rate hike, sparking UK's recession concerns
"It directly links the GBP/USD decline to an unexpected 50 bps BoE rate hike, citing recession fears and market reaction that drove the pair down by 0.26%, matching the day’s negative return."
NZD/USD
EOD Return: -0.01%
NZD/USD turns south during Powell’s testimony
"Powell’s hawkish remarks during his testimony spurred higher U.S. yields, directly weakening the NZD against the USD and driving the pair down to its EOD level."
USD/CAD
EOD Return: 0.00%
USD/CAD Price Analysis: Refreshes nine-month low at 1.3140 as BoC prepares for more rate hikes
"The article links the USD/CAD drop to a fresh nine‑month low driven by expectations of Bank of Canada rate hikes, directly explaining the 0.25% rise in the pair."
USD/CHF
EOD Return: 0.00%
USD/CHF clears daily losses after SNB decision and US data
"The article directly links USD/CHF’s rise to the SNB rate hike and rising US bond yields, explaining the pair’s movement that day."
USD/IDR
EOD Return: 0.00%
USD/IDR: Rupiah set to appreciate in the weeks and months ahead – TDS
"Bank Indonesia’s decision to keep the policy rate unchanged at 5.75% directly supports a stronger IDR, explaining the positive USD/IDR movement."
USD/INR
EOD Return: 0.00%
USD/INR Price Analysis: Indian Rupee recovery hinges on clear break of 81.80
"The article focuses directly on USD/INR, highlighting key support levels and technical indicators that likely influenced the modest 0.03% rise in the currency pair."
USD/JPY
EOD Return: 0.00%
USD/JPY reaches yearly high amidst Powell testimony, Fed hawkish stance
"Fed Chair Jerome Powell’s hawkish commentary on June 22 strengthened the US dollar, directly supporting a rise in USD/JPY and contributing to the 0.41% end‑of‑day gain."
USD/MXN
EOD Return: -0.00%
USD/MXN advances on mixed mood, rising US bond yields as Banxico’s decision looms
"The article highlights rising US bond yields and Powell’s reaffirmation of future Fed rate hikes, directly supporting the USD against MXN, which explains the slight negative return for the pair."
USD/TRY
EOD Return: 0.02%
USD/TRY jumps past 24.00 to clinch new all-time high
"The news reports USD/TRY breaking the 24.00 level following a significant CBRT rate hike, directly explaining the sharp 1.56% EOD gain."