Fundamental view: The Australian dollar has fallen during most of the week and reached down towards the 0.77 level, Traders now believe that the US economy is going to accelerate and that consumer inflation is more than a transitory phenomenon and it has helped the dollar to show strength. April’s US Retail Sales numbers on Friday were [...]
Fundamental view: The US dollar has rallied a bit during the course of the week and reached the 109.78 high, Wednesday’s inflation report made a foster run in Treasury interest rates, though well within this year’s range, helped USD/JPY to give its best session since starting of this year. Bank of Japan Governor Haruhiko Kuroda [...]
Fundamental view: The Euro initially fell during the starting of the week but later gained some strength against greenback. The reason behind that is the news - Federal Reserve is going to have to tighten its monetary policy much sooner. And the people began to reevaluate the situation as the Federal Reserve has been plain in its [...]
Fundamental view: The British pound showed a strong trend against the greenback in the previous week. Pound benefited from the UK reopening and favorable data. On the other hand, The news that Fed be forced to tighten its policy prematurely and robust inflation figures supported the greenback. In the UK, Prime Minister Boris Johnson made [...]
