Fundamental view: Australian dollar traded high against the US dollar and partially recovered its previous week losses and ended around 0.7050 level. The uptrend of the pair can be related to the broad US dollar weakness and the rate hike from BOE and hawkish monetary policy from ECB. US central bank’s policymaker’s hesitance on the [...]
Fundamental view: The Australian dollar plummeted against the American dollar during the trading course of the week. The monetary policy announcement from the central bank was the major catalyst in underpinning the uptrend of the US dollar. The Central bank has left the rate unchanged however he also made a notable change of tone toward [...]
Fundamental view: Australian dollar went back and forth against the US dollar during the trading course of the week. Multiple catalysts like inflation, aggressive policy from the Fed, China's slowing economy and Russia's potential military action favored the US dollar while upbeat employment and inflation data favored the Aussie. Australia faced many lockdowns throughout last [...]
Fundamental view: Like every other rival, Australian dollar also had a good time against the US dollar during this week. The quote reached 0.7313, a fresh two-month high. The American dollar fell after the country confirmed the December Consumer Price index came out at a four-decade high of 7% YoY. Moreover, the country released December Retail Sales [...]
