Aussie trades upside against the greenback in the Thursday Asian session. This move can be related to the strong prints of the Consumer Price Index (CPI) and Producer Price Index (PPI) from Australia’s largest customer, China. China’s headline CPI jumped the most since August 2020, by 2.3% YoY and 0.4% MoM in November. The factory-gate [...]
The yellow metal rose against the greenback for the second consecutive day on Wednesday and is trading around $1790 at the time of writing. The reason can be linked to the retreat in the U.S. Treasury yields and the dollar eased, with investor now changing their focus to key inflation data due this week that [...]
Pound is trading high against the greenback on Tuesday. The Slide in the dollar can be the reason behind this move. The Benchmark 10-year and 30-year US Treasury yields have pulled back from their one-week highs hit on Tuesday and are sliding further in Asia which is pressuring the greenback. The Market mood also improved [...]
Undervalued Currency : A undervalued currency is a currency with an exchange rate lower than it must to be. A currency may be undervalued, for instance, when its purchasing power, supply and demand are all strong, but its price is still comparatively low. Currencies can be undervalued for some natural reasons like political crises which [...]
