Fundamental view: The British pound initially pulled back during the course of the week only to shoot higher and reach towards the 1.34 level. An exit from the pandemic is more powerful than a Brexit deal – at least in unleashing late November's rally. EU-UK negotiations remain significant, but also, the calendar is making a welcome comeback, with [...]
Fundamental view: The Australian dollar is at its highest since September 1 against its American rival and not far from the 2020 high of 0.7413. The AUD advantaged the greenback as the investors dumped the latter in benefit of high-yielding assets. US equities rallied to record highs after US President Donald Trump agreed to begin the transition with [...]
Fundamental view: The EUR/USD pair reached 1.1949 this week, a fresh 2-month high, retaining most of its gains heading into the weekend. The dollar did not earn speculative interest. It was an intense week, even though the FX price action didn’t reflect it. Among other things, US President Donald Trump has agreed to begin a [...]
Fundamental view: The US dollar has rallied a bit during the week to reach towards the ¥105 level. However, the market has pulled back significantly from there, which shows a strong downtrend. The waning psychological impact of the pandemic is evident in the frequent market responses to US economic data and positive COVID-19 news. However, the barrier to a [...]
