The AUD/USD pair is trading on the positive side. Encouraging Australian data released at the beginning of the day provided support to the pair, as the AIG Performance of Manufacturing Index improved to 58.8 in February from 55.3 in the previous month. The Commonwealth Bank Manufacturing PMI for the same month printed at 56.9 from [...]
Pound is trading positively, Britain's government plans to launch the world's first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050.The savings bonds are about to fund that will fund projects in areas such as renewable energy and clean transportation and will go on sale this [...]
Fundamental view: The Euro shot higher during the course of the week to reach towards 1.22 level before falling. Long-term US Treasury yields soared, while shorter-term ones also a made a progress, although to a lesser extent. Bonds were sold off in anticipation of higher inflation and prospects for massive stimulus boosted spending. The market has already [...]
Fundamental view: The British pound rallied during most of the week to reach towards the 1.41 handle. The pound has rallied after UK PM Johnson presented a compelling exit strategy. "Incomparably better" – was the word Prime Minister Boris Johnson has described Britain's position in the summer, after laying out a much-anticipated exit plan. The pound is [...]
