  We investigate the strong influence of the $\Theta_{II}$-loop-current order
on both unidirectional and bidirectional d-wave
charge-density-wave/pair-density-wave (CDW/PDW) composite orders along axial
momenta $(\pm Q_0,0)$ and $(0,\pm Q_0)$ that emerge in an effective hot spot
model departing from the three-band Emery model relevant to the phenomenology
of the cuprate superconductors. This study is motivated by the compelling
evidence that the $\Theta_{II}$-loop-current order described by this model may
explain groundbreaking experiments such as spin-polarized neutron scattering
performed in these materials. Here, we demonstrate, within a saddle-point
approximation, that the $\Theta_{II}$-loop-current order clearly coexists with
bidirectional (i.e. checkerboard) d-wave CDW and PDW orders along axial
momenta, but is visibly detrimental to the unidirectional (i.e. stripe) case.
This result has potentially far-reaching implications for the physics of the
cuprates and agrees well with very recent x-ray experiments on YBCO that
indicate that at higher dopings the CDW order has indeed a tendency to be
bidirectional.
