Fundamental view: American dollar advanced again the US dollar during the trading course of the week. The Australian dollar rallied despite tepid local data. The minutes of the FOMC monetary policy meeting held on September 21-22 revealed that the US central bank is remaining on track to begin tapering its bond purchases in 2021. Moreover, [...]
Fundamental view: Aussie managed to gain against the greenback during this week. Initially in the week, sentiment led the way for the greenback changing course on relief-related news. The week started with the traders worried about supply chain issues which weighed on growth and it pushed inflation up, a situation that continues as it comes [...]
Fundamental view: Aussie has bounced back and forth and closed the week forming a neutral candle. Demand for the American currency and plummeting equities has undermined the aussie whereas a nice comeback in gold prices partially offset their effects. Fed Chair Powell speech favored the greenback. The head of the Fed referred to stubbornly high [...]
Fundamental view: Aussie traded low against the greenback in this week. The Australian currency fell following the news from the Evergrande. Evergrande, a Chinese property giant, could default on $305 billion which could disrupting the country’s financial stability. Concerns were extended throughout the first half of the week but later eased on Thursday on market [...]
