Fundamental view: The Australian dollar has rallied against the American dollar during the week. The improved market mood acted as a tailwind for the Aussie. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge in new COVID-19 cases around the world and in turn, improved [...]
Fundamental view: The US dollar moved higher against the Japanese yen and reached December high of 114.49 on Friday. The reason for this can be linked to the diminishing fear of Omicron and the Hawkish fed. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the [...]
Fundamental view: The British pound attracted ‘buy the dip’ traders and closed high against the greenback during the trading course of the week. The improved market mood could be the rationale behind the move. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge [...]
Fundamental view: The Euro initially tried to rally against the greenback but later gain up small gains in last 2 trading days of this week. This week was favorable to majors currencies against the greenback due to the upbeat market sentiment ahead of Christmas. The catalysts improving the market mood were the Omicron variant being [...]
