Fundamental view: The yellow metal struggled to find direction and fluctuated in a relatively tight range. Although the greenback continued to outperform its major rivals with the help of upbeat data releases. In the last week, While testifying before the US House Committee on Financial Services on the Federal Reserve’s response to the coronavirus crisis [...]
Fundamental view: Greenback continued to be in uptrend in the early part of the week but Thursday's finished at 109.23 and it set the stage for an easy traverse on Friday and it ran straight to the 12-month high. American Treasury rates and improved US data were the main source of dollar strength. The massive [...]
Fundamental view: The Australian dollar fell during the week reaching to the 0.76 level. The dollar is in uptrend as greenback has been building on infrastructure plans to rise, and more data are due in the upcoming week along with the all-important Nonfarm Payrolls report. Greenback remains strong even though there was a fall in yield. [...]
Fundamental view: Euro showed a bearish trend against greenback in the previous week. Europe's worsening covid conditions and another upcoming US infrastructure boost have put pressure on the Euro. COVID-19 cases are increasing in the old continent, and it has been weighing on the euro. After Italy and France imposed new restrictions on most of their [...]
