Most Important News for 2023-07-20

AUD/USD
EOD Return: -0.01%
AUD/USD drops towards 0.6430 resistance-turned-support on downbeat Australia inflation, US macros eyed
"The article directly links the AUD/USD decline to downbeat Australian inflation and housing data, explaining the pair’s slide and the impact of RBA expectations on the currency."
EUR/SEK
EOD Return: 0.00%
EUR/SEK holds ground below the 11.90 mark ahead of German CPI data
"The article highlights the upcoming German CPI release, a key economic indicator that can significantly influence the EUR/SEK pair’s movement on the day."
EUR/USD
EOD Return: -0.00%
EUR/USD snaps two-day winning streak, trades lower around 1.0870
"Weak U.S. economic data reduced expectations of a September Fed rate hike, weakening the dollar and pushing EUR/USD lower."
GBP/USD
EOD Return: -0.00%
GBP/USD retreats on US Dollar recovery, trades near 1.2630
"The article directly links the GBP/USD decline to a stronger US dollar driven by rising Treasury yields, explaining the negative return."
NZD/USD
EOD Return: -0.01%
NZD/USD Price Analysis: Retreats towards 0.5920 on softer NZ data, US Dollar rebound
"The article highlights softer New Zealand data and a bearish trend channel, directly explaining the NZD/USD decline on July 20."
USD/CAD
EOD Return: 0.00%
USD/CAD retraces from losses, trades higher around 1.3560
"The article directly links USD/CAD movement to US economic data, Fed policy signals, and oil price changes—key drivers for the pair’s 0.38% gain."
USD/CHF
EOD Return: -0.00%
USD/CHF consolidates its losses ahead of Swiss KOF/ US key data
"The article directly discusses USD/CHF movements, highlights expectations of a Fed pause on rate hikes, and notes Swiss economic indicators that could strengthen the CHF, all of which are key drivers for the day's negative return."
USD/CNY
EOD Return: 0.00%
PBOC sets USD/CNY reference rate at 7.1816 vs. 7.1851 previous
"The PBoC’s setting of the USD/CNY reference rate at 7.1816, near market expectations and above the previous fix, directly influenced the currency pair’s modest gain."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee drops back to 82.60 as clues to confirm Fed peak rates loom
"The article directly discusses the USD/INR exchange rate movement, noting a drop to 82.60 and attributing it to Fed peak rate expectations, which aligns with the observed negative EOD return."
USD/JPY
EOD Return: 0.01%
BoJ’s Tamura: Appropriate to keep easy policy now given uncertainty over reaching price target
"BoJ board member Naoki Tamura’s statement to maintain an easy policy amid uncertainty directly signals continued accommodative stance, supporting a weaker yen and driving the USD/JPY rise."
USD/MXN
EOD Return: 0.01%
USD/MXN Price Analysis: Mexican Peso buyers stay hopeful of revisiting 16.70 ahead of US data
"The article highlights Mexican Peso buyers’ optimism for a rebound toward 16.70 ahead of upcoming U.S. data, indicating bullish sentiment that likely contributed to the 0.59% rise in USD/MXN."