Most Important News for 2023-08-10

AUD/USD
EOD Return: -0.00%
RBA’s Lowe: Some further tightening required to ensure inflation returns to target within reasonable timeframe
"RBA Governor Philip Lowe’s statement about potential further tightening directly signals a stronger monetary stance, likely weighing on the AUD and contributing to its decline."
EUR/CHF
EOD Return: -0.00%
Scope for the Franc to weaken somewhat against the EUR in the coming quarters – Commerzbank
"The article discusses the Swiss National Bank’s hawkish stance and its impact on the franc, directly addressing factors that likely caused the EUR/CHF to weaken on that day."
EUR/GBP
EOD Return: -0.00%
EUR/GBP rises to two-week high amid rising German yields
"The article highlights rising German yields and weakening UK housing data, both of which directly pressure the GBP against the euro, explaining the negative return."
EUR/JPY
EOD Return: -0.00%
EUR/JPY flirts with multi-year peak, bulls now await sustained move beyond 158.00 mark
"The article highlights the divergent BoJ‑ECB policy stance as a tailwind yet notes that speculation of an ECB rate‑hike pause could limit gains, providing context for the modest negative return."
EUR/NOK
EOD Return: 0.01%
EUR/NOK to retreat back toward levels last seen in late February at around 10.90/10.85 – CIBC
"CIBC’s analysis highlights strong domestic fundamentals and positive terms of trade for the NOK, indicating a likely rally that aligns with the observed 0.71% gain in EUR/NOK."
EUR/USD
EOD Return: -0.00%
Higher energy prices would likely be a EUR negative factor – Rabobank
"The Rabobank note links rising energy prices to a likely downward pressure on the euro, directly explaining the EUR/USD decline on that day."
GBP/USD
EOD Return: 0.00%
GBP/USD wavers amid US CPI data; traders focus on UK’s GDP
"The news reports that US CPI data was released above expectations, causing a sharp reaction in the GBP/USD pair—initially reaching a weekly high before falling back, directly influencing the day’s price movement."
NZD/USD
EOD Return: -0.01%
NZD/USD reacts to US CPI data, await US PPI and next week's RBNZ meeting
"The release of U.S. CPI data coming in below expectations triggered a brief surge but ultimately weighed on the NZD/USD pair, aligning with the negative end‑of‑day return."
USD/CAD
EOD Return: -0.00%
USD/CAD retreats after soft CPI data from the USD, holds the 100-day SMA
"Soft US CPI data weakened the USD and pushed USD/CAD down, directly explaining the negative return."
USD/CHF
EOD Return: 0.00%
USD/CHF recovers some lost ground to 0.8770, investors await US PPI
"The article highlights recent US inflation data (CPI) and the anticipation of the upcoming US Producer Price Index, both key drivers for USD/CHF movements on that day."
USD/CNY
EOD Return: 0.00%
PBOC sets USD/CNY reference rate at 7.1576 vs. 7.1588 previous
"The PBoC’s decision to set the USD/CNY reference rate at 7.1576—below market expectations of 7.2023—directly influenced the yuan’s value and likely contributed to the positive return."
USD/INR
EOD Return: 0.00%
USD/INR remains on the defensive near 82.85 after RBI’s inaction, focus shifts to US CPI
"The article highlights RBI’s inaction and the market’s focus on upcoming US CPI data, directly influencing USD/INR sentiment and contributing to the 0.31% gain."
USD/JPY
EOD Return: 0.00%
USD/JPY closes near monthly highs ahead of US PPI data
"The article highlights the pair’s close to a monthly high driven by weaker Japanese inflation (PPI) and soft US inflation data, directly explaining the positive end‑of‑day move."
USD/MXN
EOD Return: -0.01%
USD/MXN tumbles below 17.0000 post US CPI data, eyes set on Banxico’s decision
"The article directly links the USD/MXN decline to US CPI data and Fed policy expectations, explaining why the pair fell below 17.00 and setting market focus on Banxico’s upcoming decision."
USD/TRY
EOD Return: -0.01%
USD/TRY to reach 30.00 by year-end – Commerzbank
"The article predicts a sharp depreciation of the TRY (USD/TRY reaching 30) due to renewed inflation and lagging rate hikes, directly explaining the negative EOD return."