Fundamental view: Australian data showed a uptrend in the beginning of the week later the trend became favorable to the American dollar supported by the Inflation expectation and employment data. Federal Reserve has launched its bond program taper at previous Wednesday’s meeting with a $15 billion reduction in monthly purchases, only November and December were [...]
Fundamental view: US dollar has rallied against all the majors in this week, It was also noisy against the Japanese yen. Federal Reserve has launched its bond program taper at previous Wednesday’s meeting with a $15 billion reduction in monthly purchases, only November and December were spoken for in the FOMC statement. Elsewhere the governors [...]
Fundamental view: Pound had a fall against the greenback in this week reaching a fresh 2021 low. This is mainly due to the US dollar strength as investors are pricing a 72% chance of a Federal Reserve rate hike by June 2022. Now the pair's potential recovery depends on Brexit developments. A positive update comes [...]
Fundamental view: Euro initially tried to rally against the greenback but later fell beyond 1.15 crucial level. The American dollar reached the fresh 2021 highs against its European rival in this week. Federal Reserve is more than likely going to continue its tapering program, driving up interest rates in general which helped the US dollar. When [...]
