Fundamental view: American dollar advanced again the US dollar during the trading course of the week. The Australian dollar rallied despite tepid local data. The minutes of the FOMC monetary policy meeting held on September 21-22 revealed that the US central bank is remaining on track to begin tapering its bond purchases in 2021. Moreover, [...]
Fundamental view: The US dollar has skyrocketed against the Japanese yen during the trading course of the week. The widening spread between US and Japanese sovereign yields over the past three weeks has kept the USD/JPY moving sharply higher despite the weaker view on the dollar. The yen was hampered by the prospect of another huge [...]
Fundamental view: The British pound rallied against the greenback in this week. The major reason are Brexit calm and clearer Fed path. The soothing news from Brexit has helped send sterling higher. Alongside a moderate tapering path from the Fed, inflation concerns failed to stop cable's climb. UK inflation stands out, as it could determine [...]
Fundamental view: The Euro showed recovery against the greenback after reaching to a fresh low of 1.1523 in 2021. After the last week’s uptrend, American dollar gave up ground although the shared currency was among its weakest rivals. This week, the dollar showed strength on expectations that the US Federal Reserve will start tapering its [...]
