Fundamental view: Australian dollar traded high against the US dollar and partially recovered its previous week losses and ended around 0.7050 level. The uptrend of the pair can be related to the broad US dollar weakness and the rate hike from BOE and hawkish monetary policy from ECB. US central bank’s policymaker’s hesitance on the [...]
Fundamental view: US dollar traded low against the Japanese yen during the first four trading days but bounced up on Friday with surprise NFP data. The Bank of England and the European Central Bank hawkish stance on rate hike made their currencies stronger against the US dollar. USD/JPY reached its week’s low on Wednesday after [...]
Fundamental view: The British pound edged higher against the US dollar during the trading course of the week. US dollar weakness and the Rate hike from BoE are the major catalysts underpinning the move of the quote. The US Central bank policymakers diluted expectations of a hefty 50 basis points hike in March even with inflation [...]
Fundamental view: The Euro had largest weekly gain since March 2020 and reached fresh 2022 high of 1.1483. The Major currency pair was following the uptrend since the starting of the week due to broad US dollar weakness and soared after the ECB meeting. US Central bank policymakers diluted expectations of a hefty 50 basis [...]
