Most Important News for 2023-07-10

AUD/USD
EOD Return: 0.00%
AUD/USD Price Analysis: Finds support near 0.6660, downside seems favored as China’s CPI remains stagnant
"The article links China’s stagnant CPI data directly to selling pressure on AUD/USD, providing a clear economic catalyst for the pair’s movement."
EUR/GBP
EOD Return: -0.00%
EUR/GBP bears take the lead in late US trade
"The article highlights BoE hawkish stance and Euro stagnation prospects, directly impacting EUR/GBP by weakening the euro against sterling."
EUR/JPY
EOD Return: -0.01%
EUR/JPY Price Analysis: Japanese yields continue to boost the JPY
"The article highlights rising Japanese yields strengthening the JPY and anticipates German inflation data, directly explaining the euro’s depreciation against the yen on that day."
EUR/NOK
EOD Return: -0.01%
EUR/NOK: Krone should be able to appreciate moderately against the Euro – Commerzbank
"Norges Bank’s 50‑bp rate hike and hawkish outlook relative to the ECB signaled a stronger krone, driving the euro down against the Norwegian krone."
EUR/USD
EOD Return: 0.00%
EUR/USD: Euro bulls attack 1.1010 hurdle as US Dollar slides on downbeat inflation expectations
"The article highlights a strong euro rally driven by a weakening U.S. dollar amid disappointing U.S. inflation data, directly explaining the 0.06% rise in EUR/USD."
GBP/USD
EOD Return: 0.01%
GBP/USD hits YTD high amid USD weakness, cautiously eyes 1.3000 amid BoE speculations
"The article highlights a new year‑to‑date high for GBP/USD driven by US dollar weakness and speculation over the Bank of England’s stance, directly explaining the positive price movement."
NZD/USD
EOD Return: -0.00%
NZD/USD remains on the defensive near 0.6200 ahead of RBNZ key event
"It highlights the Kiwi’s defensive stance and focus on the upcoming RBNZ meeting, directly tying market sentiment to the pair’s decline on that day."
USD/CAD
EOD Return: -0.00%
USD/CAD falls back from 1.3300 as BoC sets to tighten policy further
"The article highlights the Bank of Canada’s anticipated rate hike to 5%, driven by strong labour market data, directly influencing the USD/CAD pair’s decline."
USD/CHF
EOD Return: -0.01%
USD/CHF Price Analysis: Bulls fail to maintain momentum and retreat to 0.8870
"The article highlights the USD/CHF’s reaction to the mixed US Nonfarm Payrolls report and anticipates upcoming CPI data, directly linking key economic indicators to the pair’s decline."
USD/CNY
EOD Return: -0.00%
PBOC sets USD/CNY reference rate at 7.1926 vs. 7.2054 previous
"The PBOC’s decision to set a lower USD/CNY reference rate (7.1926 vs 7.2054) directly impacted the currency pair, contributing to its decline."
USD/JPY
EOD Return: -0.01%
USD/JPY slumps amid falling US bond yields, JGB’s yields rise
"The article reports a direct slump in USD/JPY linked to falling U.S. bond yields and rising JGBs, which explains the significant negative return for the pair on that day."
USD/MXN
EOD Return: -0.00%
USD/MXN retreats amid soft USD, market awaits US CPI data
"The article highlights a soft U.S. dollar following disappointing U.S. jobs data and anticipates upcoming U.S. CPI inflation figures, both of which directly influence the USD/MXN exchange rate and explain the negative return."
USD/TRY
EOD Return: -0.00%
USD/TRY seen drifting up to 30.00 during 2024 – Commerzbank
"The article links the Turkish Lira’s movement to the recent election outcome and a shift toward conventional monetary policy with rate hikes, directly explaining the currency’s weakening against the dollar."