Fundamental view: The Australian dollar has fallen a bit during the course of the trading week. The draconian Australian approach to the Delta variant led to the collapse of the down-under job market in August with the largest loss of employment since May 2020. Delta closures and restrictions reported in several places, led to the [...]
Fundamental view: The Australian dollar fell rather hard against dollar during the course of the trading week. The greenback was benefited from a poor market’s mood, as the coronavirus Delta variant kept storming the Northern Hemisphere, arising doubts about global economic progress. The central bank has decided to maintain its tapering plans by reducing its [...]
Fundamental view: Aussie showed an uptrend against the US dollar. The pair benefited from the broad dollar’s weakness because the investors sold the greenback on speculation the US Federal Reserve will have to put tapering in the hold for now, amid the slow recovery of the employment sector. The US August Nonfarm Payrolls report came [...]
Fundamental view: The Australian dollar has rallied a bit against the greenback during the course of the trading week. In US, Fed Chair Jerome Powell's which was much anticipated speech at the bank's annual Jackson Hole symposium on Friday disappointed rate hawks hoping for an immediate change in policy which lead to the fall of [...]
