Fundamental view: The Australian dollar traded low against the American dollar during the trading course of the week. The divergence in the monetary policy was the major catalyst behind the move. US March’s Nonfarm Payrolls report came at 431K jobs added, more than the 80K foreseen by economists. Thus market perceived it as a solid [...]
Fundamental view: The Australian dollar climbed higher against the American dollar and reached a fresh 2022 high – 0.7536. Although market had a risk averse environment, AUD climbed up with the help of commodity prices. Talking about the central banks, A slew of influential FOMC members, including Fed Chair Jerome Powell, left the door open [...]
Fundamental view: Australian dollar managed to show a uptrend against the American dollar during the trading course of the week recovering from its previous week loss. The commodity linked currency found support this week with the sentiment seesawing alongside headlines coming from Europe. This week came to end without any progress in the peace talks [...]
Fundamental view: Australian dollar dropped against the American dollar during the trading course of the week However, the commodity-linked currency AUD managed to reach its 2022 high of 0.7440 against its American rival before dropping. Headlines relating to Russian invasion of Ukraine dominated the where the situation worsened on a daily basis. However Market sentiment [...]
