Fundamental view: Aussie traded low against greenback this week. China published weaker-than-anticipated economic data earlier this week as Industrial Production and Retail Sales rose at. Concerns about global growth dominated financial markets. Also Fed published the minutes of its latest FOMC meeting which indicated that the policymakers are ready to discuss the timing of tapering [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the trading and ended forming a bullish candle. In Australia, regional lockdowns have been once again extended, and macroeconomic data has continued to reflect the poor performance of the economy. Whereas US Senate has finally passed a $1 trillion bipartisan infrastructure [...]
Fundamental view: Aussie fell against greenback in the last week. The Reserve Bank has surprised the markets with its latest monetary policy which has impacted positively. The central bank left the cash rate at 0.1% which was expected, along with that the 3-year bond yield target at the same level. The central bank had decided [...]
Fundamental view: Australian dollar has gone back and forth against the US dollar during course of the trading week. Even the broad US dollar weakness could not help the Aussie. The main cause for that is still linked to the pandemic. Australia passed 2020 without much economic pain, as the island country quickly closed its [...]
