Fundamental view: Australian dollar fell against the US dollar in this week. The Reserve Bank of Australia published the Minutes of its latest meeting, which portrayed that policymakers are compromised to maintain supportive monetary conditions, and repeated rates will remain at record lows until employment and inflation make a reach of the desired levels. Australian [...]
Fundamental view: The Aussie has fell against greenback for a third week in a line. Things in Australia have continued to worsen on the COVID-19 front, affecting economic developments which weighed on AUD. The country has extended regional lockdowns imposed in June, as the number of coronavirus cases remains on the rise. Cities which has [...]
Fundamental view: The Aussie is down for a second consecutive week, trading near a fresh 2021 low. The US dollar appreciated against the aussie on the back of risk-aversion, which boosted demand for safe-haven assets. Whereas US government bond yields soared, sending yields to their lowest levels since last February. On the other hand, Australia [...]
Fundamental view: The Australian dollar has fallen a bit during the course of the week. The Nonfarm payroll along with the Fed's Robert Kalpan's move favored the US dollar which is the main driver behind the bearish trend for the pair. Australia RBA Private Sector Credit monthly report on 29th June and US Average Weekly [...]
