At its first monetary policy meeting of 2021 on February 2, the Reserve Bank of Australia (RBA) board members decided to maintain the official cash rate (OCR) at a record low of 0.10%, matching the market’s consensus. The RBA left its three-year bond yield target unchanged at 0.10%. It has also decided to purchase an [...]
In a welcome news with a kick start at the beginning of the month, Ursula Von der Leyen, AstraZeneca will start deliveries of its COVID-19 vaccines one week earlier than expected. The Chief of the EU also added that the Anglo-Swedish pharma company will deliver nine million more doses of its vaccine to the Union [...]
Fundamental view: The Australian dollar initially fell during the course of the week but has turned around to show signs of strength again. The Australian currency was weighed by a sour sentiment that sent equities down. The poor sentiment was partially triggered by soft data indicating slow economic progress within the pandemic scenario, but also by an [...]
Fundamental view: The US dollar has rallied significantly during the course of the week to reach towards 105 level. Demand for the greenback on risk-aversion boosted the pair, which held on to gains as Wall Street found they way up following a sell-off at the opening, trimming part of their intraday losses, although it fell to [...]
