Most Important News for 2023-08-29

AUD/USD
EOD Return: -0.00%
RBA’s Governor-Designate Bullock: May have to raise rates again, but watching data carefully
"RBA Governor‑Designate Michelle Bullock’s statement that the bank may need to raise rates again signaled a potential tightening stance, directly influencing AUD/USD sentiment and contributing to the pair’s decline."
EUR/GBP
EOD Return: -0.00%
EUR/GBP reverses from 0.8585 to snap four-day uptrend despite downbeat UK inflation data
"The article highlights key economic indicators—UK’s lowest shop price index since Oct 2022 and a sharp decline in German consumer confidence—that directly influence the EUR/GBP pair, explaining its reversal and negative return."
EUR/JPY
EOD Return: 0.01%
EUR/JPY extends its upside above the 158.50 mark, German CPI eyed
"The article highlights upcoming German CPI data, a key economic indicator that can drive euro strength against the yen, directly influencing the EUR/JPY movement."
EUR/SEK
EOD Return: 0.00%
EUR/SEK Price Analysis: The key contention is seen at 11.8550, within the ascending trend-channel
"The article provides a detailed technical analysis of EUR/SEK, highlighting key support and resistance levels and recent price action, directly explaining the day's modest gain."
EUR/USD
EOD Return: 0.00%
EUR/USD surges above the 1.0880 mark, eyes on German CPI, US key data
"The article reports a sharp EUR/USD rally above 1.0880 driven by weaker US dollar and expectations of lower Fed tightening, directly explaining the 0.43% end‑of‑day gain."
GBP/USD
EOD Return: 0.01%
GBP/USD regains the 100-day SMA as US yields sink
"The article highlights that US Treasury yields fell, weakening the USD and allowing GBP/USD to rise above 1.2645 and regain its 100‑day moving average, directly supporting the 0.63% end‑of‑day gain."
NZD/USD
EOD Return: -0.00%
NZD/USD surges to three-day highs on weak US labor data, Chinese stimulus
"The article highlights weak U.S. labor data and Chinese stimulus, both of which directly support the NZD/USD pair, making it the most relevant news for that day's price movement."
USD/CAD
EOD Return: -0.00%
USD/CAD climbs above 1.3600, capitalizes on US Dollar’s recovery in a data-packed week
"The article reports USD/CAD breaking above the key resistance level of 1.3600 driven by a stronger US dollar and weaker Canadian growth, directly explaining the pair’s decline on that day."
USD/CHF
EOD Return: -0.00%
USD/CHF loses the 20-day SMA after weak labour market figures from the US
"The article cites weaker-than-expected US labour market data leading to lower bond yields and heightened expectations of Fed rate cuts, directly explaining the USD/CHF decline."
USD/CNY
EOD Return: 0.00%
PBOC sets USD/CNY reference rate at 7.1851 vs. 7.1856 previous
"The PBoC’s setting of the USD/CNY reference rate at 7.1851, near market expectations and following a recent close near 7.2900, directly influenced the currency pair’s modest 0.06% gain."
USD/INR
EOD Return: 0.00%
USD/INR trades sideways around 82.60 ahead of US data and India GDP
"The article highlights upcoming US and India GDP data releases, which are key drivers for USD/INR movements, directly explaining the modest 0.02% end‑of‑day return."
USD/JPY
EOD Return: 0.00%
USD/JPY retreats from fresh cycle highs following US labour market figures
"The article reports weaker-than-expected US JOLTs job openings and soft Japanese labour data, directly influencing the USD/JPY pair’s reversal from its cycle high and contributing to the 0.25% end‑of‑day gain."
USD/MXN
EOD Return: -0.00%
USD/MXN climbs amid soft Mexican GDP, mixed US economic data
"It directly links the USD/MXN move to Mexican GDP data and US job openings, explaining why the pair climbed on weaker Mexican growth and softer US labor numbers."