Fundamental view: Australian dollar has rallied significantly against the American dollar and ended near the 0.7170 level during the trading course of the week. The pair has recovered from the a fresh 2021 low of 0.6992, this week. The Fed is widely anticipated to increase the amount of its monthly taper from $15 billion to [...]
Fundamental view: Australian dollar traded low against the American dollar during the trading course of the week. The sour market sentiment and chances of further tightening in the US favored the American dollar. The discovery of Omicron variant created sour market sentiment. As per analysts, Omicron is more contagious, it is also less deadly. It [...]
Fundamental view: The Australian dollar formed a bearish rally against the American dollar this week. Australian central bank is very dovish, while the Federal Reserve is looking to taper bond purchases. US Federal Reserve is one of the few central banks that have already took action to reduce facilities. Moreover, Australia is stepping ahead into its [...]
Fundamental view: Aussie initially tried to rally but later fell hard against the greenback during the trading course of the week. The broad US dollar strength and return of covid and related lockdowns pushed the pair down. Austria instituted a partial lockdown and Germany imposed restrictions amid rising case counts that go against high vaccination [...]
