Fundamental view: The Euro initially rallied during the course of the week to reach a high of 1.2266 but then ran into to selling price. Financial markets rotated around US inflation expectations and their possible effects on the current monetary policy. However, Federal Reserve officials succeeded in cooling hopes for a soon-to-come tightening, leaving speculative [...]
Gold is trading low on Friday morning due to strengthening dollar and rising U.S. yields. As an uptick in the dollar and U.S. Treasury yields pressured bullion, while investors are awaiting crucial U.S. inflation data later in the day. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits has [...]
Aussie seems to struggle against the dollar during early Thursday. Recovery in the US dollar and the coronavirus (COVID-19)-led lockdown in Victoria weighs down the Aussie pair. The US dollar index (DXY) extends its recovery moves from early January lows, up 0.13% intraday, while following the firmer Treasury yields. The recent increase in the covid [...]
The dollar has reached near to its weakest level since early January as Treasury yields eased amid Federal Reserve insistence that stimulus will continue despite current inflationary pressures. Whereas New Zealand’s currency rose after the central bank said it would maintain stimulatory monetary policy settings until its inflation and employment targets are achieved. The RBNZ [...]
