Fundamental view: The Australian dollar fell against the American dollar for the second consecutive week. Market was priced in the US Federal Reserve’s aggressive monetary policy stance which weighed on the Aussie. Market sentiment was sour amidst a coronavirus outbreak in China, leading to local lockdowns and the Eastern European crisis. President Vladimir Putin has [...]
Fundamental view: US dollar rallied against the Japanese yen during the trading course of the week. The hawkish fed and Risk sentiment due to the Ukraine war boosted the greenback. The Fed policymakers reiterated a 50 bps rate hike in May and paved the way for a reduction of the balance sheet .New York Fed [...]
Fundamental view: The Britain pound traded up against the US dollar during the trading course of the week, However Broad US dollar strength did not allow pound to gain much. The risk averse market sentiment due to Russia- Ukraine conflict and the hawkish Fed helped the US dollar. US Federal Reserve officials reiterated a 50 [...]
Fundamental view: The Euro fell against the US dollar for the second consecutive week. The key catalyst for this move is the European central Bank’s (ECB) monetary policy update since President Christine Lagarde & co announced they would introduce no changes to their monetary policy. Market was expecting for a hawkish stance and rate hike [...]
