Most Important News for 2023-08-08

AUD/USD
EOD Return: -0.00%
Australian Dollar sinks after dismal Chinese trade data
"The article reports dismal Chinese trade figures, the key customer for Australian exports, leading to a sharp sell‑off in the AUD and a clear causal link to the negative EOD return."
EUR/CHF
EOD Return: 0.00%
USD/CHF and EUR/CHF could bounce as status quo by the SNB would take the gloss off the Franc – SocGen
"The article highlights a potential bounce in EUR/CHF tied to the Swiss National Bank’s stance and recent inflation data, directly explaining the 0.34% rise."
EUR/GBP
EOD Return: 0.00%
EUR/GBP can climb back to 0.87-0.88 – ING
"ING’s forecast that EUR/GBP could climb back to the 0.87‑0.88 range provided a clear bullish narrative, directly supporting the pair’s 0.38% gain on the day."
EUR/JPY
EOD Return: 0.00%
EUR/JPY advances to over two-week high, around mid-157.00s amid notable JPY supply
"The article highlights the BoJ’s dovish stance keeping the JPY weak and notes that expectations of an end to the ECB rate‑hiking cycle may limit further upside, directly explaining the EUR/JPY gains on the day."
EUR/NOK
EOD Return: -0.00%
EUR/NOK: Break below 11.09 can extend the phase of decline – SocGen
"The article highlights a key technical break below the 11.09 support level, indicating potential for further decline and aligning with the observed negative return."
EUR/SEK
EOD Return: -0.00%
EUR/SEK: Krona to rebound further from undervalued levels – MUFG
"The article discusses the Swedish krona’s rebound and Riksbank’s rate hikes, directly affecting the EUR/SEK pair and explaining its decline."
EUR/USD
EOD Return: 0.00%
ECB Survey: Consumer inflation expectations for next 12 months fall further to 3.4% in June
"The ECB survey showing a further decline in consumer inflation expectations to 3.4% supports the Euro by indicating lower future inflation pressure, which can strengthen the currency against the USD."
GBP/USD
EOD Return: -0.00%
NIESR cites 60% risk of UK recession during British elections
"The NIESR report highlighting a 60% risk of a UK recession amid the upcoming elections directly signals negative sentiment for the pound, likely driving the observed decline."
NZD/USD
EOD Return: -0.00%
NZD/USD slumps amid concerns over China’s economic recovery and strong US Dollar
"The article highlights a weak Chinese economic recovery and a strong US dollar, both key drivers behind the NZD/USD slide below 0.6100, directly explaining the negative EOD return."
USD/CAD
EOD Return: -0.00%
USD/CAD soars amid resilient US Dollar and weak oil prices
"The article highlights weak oil prices and a potential Fed rate hike, both directly supporting the USD against the CAD and explaining the slight decline in the pair."
USD/CHF
EOD Return: 0.00%
USD/CHF gains ground amid USD strength ahead of CPI data
"It highlights USD strength with a DXY above 102.50 and Fed mixed signals ahead of CPI, directly supporting the USD/CHF gain."
USD/CNY
EOD Return: -0.00%
PBOC sets USD/CNY reference rate at 7.1365 vs. 7.1380 previous
"The PBOC’s decision to set the USD/CNY reference rate at 7.1365, below market expectations of 7.1869, directly influenced the yuan’s weaker performance and contributed to the negative return."
USD/INR
EOD Return: -0.00%
USD/INR Price News: Indian Rupee remains depressed near 82.80 cautious mood, US inflation, RBI eyed
"It directly references the Indian Rupee’s current level, highlights key economic factors (US inflation, RBI rate decision) that are likely to influence the pair’s movement."
USD/JPY
EOD Return: 0.00%
USD/JPY Price Analysis: Extends its upside near 143.30 amid USD demand
"The article highlights USD/JPY’s significant intraday gain of 0.56% and its breakout above key resistance levels, directly explaining the 0.24% end‑of‑day rise."
USD/MXN
EOD Return: -0.00%
USD/MXN advances amid global risk-aversion and strong US Dollar
"The article discusses global risk‑aversion and a weakening Mexican peso due to Chinese economic woes, directly affecting the USD/MXN pair’s movement on that day."