Fundamental view: Aussie traded low against greenback this week. China published weaker-than-anticipated economic data earlier this week as Industrial Production and Retail Sales rose at. Concerns about global growth dominated financial markets. Also Fed published the minutes of its latest FOMC meeting which indicated that the policymakers are ready to discuss the timing of tapering [...]
Fundamental view: The dollar traded higher against the Japanese yen this week because of the recent dollar strength as of its July 28 meeting. The rise in Covid-19 Delta cases in many of the states in US and across countries were the reason behind the dollar’s gains. The Fed begin its annual three-day Jackson Hole [...]
Fundamental view: Pound traded low this week. Fed's meeting minutes from the July meeting portrays a growing trend toward reducing the bank's bond-buying scheme already in 2021.After media reports, the media report came about an upcoming announcement in September, which helped the dollar to rise. Increasing coronavirus cases gained importance after America reported some 250,000 [...]
Fundamental view: Euro traded its lowest at this week. The market moves with the idea of US dollar strength. The FX board is depending on 2 things - higher chances of US tapering and the spread of the coronavirus Delta variant. Fed published the minutes of its latest FOMC meeting which indicated that the policymakers [...]
