Fundamental view: The Australian dollar fell against the American dollar during the trading course of the week. US dollar outperformed other currencies with aggressive rate hike expectation from it, with the CME’s FedWatch tool showing a 96.5% probability of a 50 bps rate hike in May and a 85% chance of a 50 bps June [...]
Fundamental view: The Australian dollar had a bearish momentum against the American dollar during the trading course of the week. The hawkish Fed and the risk off market mood favored the US dollar. The Russia – Ukraine crisis and the coronavirus returning to China walloped the market sentiment. Market Participants has priced a 70% chance [...]
Fundamental view: The Australian dollar fell against the American dollar for the second consecutive week. Market was priced in the US Federal Reserve’s aggressive monetary policy stance which weighed on the Aussie. Market sentiment was sour amidst a coronavirus outbreak in China, leading to local lockdowns and the Eastern European crisis. President Vladimir Putin has [...]
Fundamental view: The Australian dollar made modest losses against its American dollar rival. The hawkish fed amidst the risk averse market sentiment due to the Ukraine uncertainty favored the US dollar. Whereas hawkish stance by the RBA favored the Aussie. The Fed unveiled the monetary policy this week. Minutes from last month’s Federal Open Market [...]
