Fundamental view: Australian dollar went back and forth against the US dollar during the trading course of the week. Multiple catalysts like inflation, aggressive policy from the Fed, China's slowing economy and Russia's potential military action favored the US dollar while upbeat employment and inflation data favored the Aussie. Australia faced many lockdowns throughout last [...]
Fundamental view: USD/JPY had a fall and reached to a one-month low of 113.60 during the trading course of the week. The US central bank is about to have a monetary policy meeting next week and will announce the monetary policy decision on January 26. Meanwhile Traders have priced in the Fed’s first hike in [...]
Fundamental view: The British pound gave up gains this week and suffered due to recent strength of the US dollar. The US dollar gained strength due to many reasons like Federal Reserve decision and Worries about China also adds to the gloomy sentiment favoring the USD. Russia-Ukraine tensions exacerbated worries in turn favoring the safe [...]
Fundamental view: The Euro fell hard during this week. The quote EUR/USD lost the most on Tuesday when government bond yields raised to levels last seen in February 2020. The benchmark 10-year US Treasury bond yield surged to its highest level at 1.89% which helped the greenback preserve its strength mid-week. Amidst Yields surge, other [...]
