Most Important News for 2023-07-31

AUD/USD
EOD Return: -0.02%
AUD/USD snaps three-day losing streak above 0.6680 ahead of RBA decision
"The article highlights the upcoming RBA interest rate decision and weaker Australian retail sales, both key drivers that likely contributed to the AUD’s sharp decline against the USD on July 31."
EUR/GBP
EOD Return: 0.00%
EUR/GBP to remain close to recent ranges – Rabobank
"The article explicitly forecasts a 25 bps BoE rate hike this week, directly influencing the EUR/GBP pair’s upward movement."
EUR/JPY
EOD Return: 0.01%
EUR/JPY soars to 157.00 as Eurozone Q2 expands, Yen takes bullet as BoJ tweaks YCC
"The article reports upbeat Eurozone Q2 growth and inflation easing, supporting higher ECB rates, while the BoJ’s YCC tweak weakens the Yen—directly driving EUR/JPY up on July 31."
EUR/NOK
EOD Return: 0.01%
EUR/NOK seen trading around 11.50 until year-end – Nordea
"The article directly discusses the EUR/NOK pair, noting expectations for a stable or slightly strengthening NOK due to lower inflation abroad and Norges Bank’s likely pause on rate hikes, which aligns with the 0.59% positive return."
EUR/USD
EOD Return: -0.00%
Breaking: Eurozone Preliminary HICP inflation drops to 5.3% YoY in July vs. 5.3% forecast
"The July HICP inflation drop to 5.3% YoY was a key data point that eased Eurozone inflation expectations, weakening the euro and contributing to the day's modest decline."
GBP/USD
EOD Return: -0.00%
GBP/USD bears eye 1.2800 as UK inflation clues test BoE hawks, focus on US ISM PMI
"The article highlights a downbeat UK inflation signal suggesting the first fall in prices in two years, directly impacting expectations for BoE policy and weakening the pound, which aligns with the negative EOD return."
NZD/USD
EOD Return: -0.01%
NZD/USD extends its upside beyond 0.6210 following NZ Building Permits
"It directly references New Zealand building permits and signals upcoming employment data, which are key domestic indicators likely influencing the NZD/USD pair’s movement."
USD/CAD
EOD Return: 0.01%
USD/CAD gains traction above the 1.3250 mark, eyes on Canadian, US employment data
"The article highlights strong Canadian GDP growth and a slower‑paced US PCE inflation, both key economic indicators that support the CAD against the USD, directly explaining the 0.70% rise."
USD/CHF
EOD Return: 0.00%
USD/CHF trades with modest gains around 0.8700, just below over two-week high set on Friday
"The article discusses the USD/CHF’s modest gains and support near a two‑week high, directly explaining the positive price movement on that day."
USD/CNY
EOD Return: 0.00%
PBOC sets USD/CNY reference rate at 7.1305 vs. 7.1338 previous
"The PBoC’s decision to set a lower-than-expected USD/CNY reference rate (7.1305 vs market expectation of 7.1524) directly supports the yuan and explains the positive return."
USD/IDR
EOD Return: 0.00%
USD/IDR could advance to the 15,160 region – UOB
"UOB’s bullish outlook for USD/IDR moving toward the 15,160 level directly supports the observed 0.23% gain."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Rupee justifies upbeat India corporate earnings, pre-NFP consolidation near 82.20
"The article links strong Indian corporate earnings to a rupee rebound, directly explaining the positive USD/INR movement on that day."
USD/JPY
EOD Return: 0.01%
USD/JPY climbs above 142.00 as impact of BoJ policy tweak fades, US factory data eyed
"The article reports that the USD/JPY pair climbed above 142.00 as investors digested the Bank of Japan’s policy tweak, while a softer US core PCE index further supported the dollar, directly explaining the strong daily gain."
USD/MXN
EOD Return: 0.01%
USD/MXN: Below 16.40, next potential objectives situated at 16.10 and 15.90 – SocGen
"The article highlights a key technical level at 17.15, stating that breaking above this threshold is essential to signal a short‑term uptrend, directly aligning with the USD/MXN’s positive end‑of‑day movement."
USD/MYR
EOD Return: 0.00%
USD/MYR: No changes to the consolidative mood – UOB
"UOB’s analysis indicates a flat trading range for USD/MYR with no clear momentum shift, suggesting the currency’s modest 0.21% rise was driven by market expectations rather than new catalysts."