Most Important News for 2023-06-23

AUD/USD
EOD Return: -0.00%
AUD/USD falls to monthly low following US PMIs
"The article directly links AUD/USD’s decline to weak US PMIs and global risk‑off sentiment, explaining the pair’s fall to a monthly low and its impact on the day’s negative return."
EUR/GBP
EOD Return: 0.00%
EUR/GBP Price Analysis: Dives amid recession fears, post-BoE hike
"The article directly links the BoE’s 50‑bp rate hike to a pound gain, explaining the EUR/GBP drop and aligning with the day’s positive return."
EUR/JPY
EOD Return: -0.00%
EUR/JPY retreats further from multi-year peak, drops to 155.00 on dismal Eurozone PMIs
"The article highlights weak Eurozone PMIs and BoJ dovish stance, directly explaining the EUR/JPY’s retreat from its multi‑year peak and contributing to the modest decline."
EUR/SEK
EOD Return: 0.00%
A Riksbank misstep could send EUR/SEK to 12.00 – ING
"The article discusses the upcoming Riksbank meeting and potential changes to the pace of rate hikes, directly impacting expectations for the EUR/SEK pair."
EUR/USD
EOD Return: 0.00%
EUR/USD set to move back to pre-Ukraine levels from early 2022 closer to 1.15 – MUFG
"The MUFG analysis highlighted a bullish outlook for EUR/USD, noting the euro’s rebound and potential return toward pre‑Ukraine levels, which likely contributed to the modest 0.14% gain."
GBP/USD
EOD Return: 0.00%
GBP/USD continues to drop amidst UK recession fears
"The article reports the Bank of England’s unexpected 50 basis point rate hike, directly impacting GBP/USD and sparking UK recession fears, which is the most direct driver of the day’s price movement."
NZD/USD
EOD Return: 0.00%
NZD/USD: Short term stagnation before trending up in the later part of the year – CIBC
"CIBC’s analysis highlighted a short‑term stagnation with an expected medium‑term upside for NZD/USD, aligning with the modest 0.41% gain observed on June 23."
USD/CAD
EOD Return: -0.00%
USD/CAD: Further moderate Loonie recovery potential in the medium term – Commerzbank
"The Bank of Canada unexpectedly ended its interest rate pause and raised rates to 4.75%, directly strengthening the CAD against the USD and explaining the negative return."
USD/CHF
EOD Return: -0.00%
USD/CHF climbs to over one-week high, lacks follow-through beyond 0.9000 amid risk-off
"The article highlights the SNB’s disappointing 25 bps rate hike and the Fed’s hawkish stance, directly affecting USD/CHF dynamics and explaining the pair’s decline."
USD/CNY
EOD Return: 0.01%
Yuan to remain weak in near term before positive sentiment towards China can be established – MUFG
"The MUFG analysis directly forecasts a near-term weakening of the Yuan, implying a stronger USD/CNY pair and aligning with the 0.81% positive return."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee snaps two-day uptrend near 82.00 as US Dollar cheers recession woes
"The article directly discusses the USD/INR pair’s intraday movement, highlights a reversal of the rupee’s uptrend, and links it to broader US dollar sentiment and economic indicators, making it most relevant to the slight negative return."
USD/JPY
EOD Return: -0.00%
USD/JPY jumps to multi-month high post-US PMIs
"The article reports a sharp decline in the US Manufacturing PMI, which directly weakened the yen and pushed USD/JPY to a multi‑month high, driving the day's negative return."
USD/MXN
EOD Return: -0.00%
USD/MXN maintains gains amidst global recession fears and Banxico’s unchanged rates
"Banxico’s decision to keep rates at 11.25% amid global recession fears directly influenced the USD/MXN pair’s weakness, explaining the negative return."
USD/TRY
EOD Return: 0.03%
USD/TRY: No magnitude of rate hike will suffice to stabilise the Lira – Commerzbank
"The article reports a significant 650 basis point rate hike by the CBRT, directly influencing the USD/TRY exchange rate and explaining the sharp rise in the lira’s depreciation."