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: The US dollar edged high against the Japanese yen this week. The Federal bank monetary policy announcement strengthened the US dollar. The Central bank has left the rate unchanged however he also made a notable change of tone toward the hawkish side. The major market mover was Fed Chair noting that he will [...]
Fundamental view: Pound traded low against the US dollar. US Central bank’s monetary policy announcement was the major catalyst in deciding the move of the pair this week. Federal bank has meet the expectation by keeping the rates and tapering unchanged and repeated that pandemic related financial support will end in March. The Fed Chairman [...]
Fundamental view: The Euro traded low against the greenback and the pair reached to a weakest level of 1.1120 on Friday, which was last seen in June 2020. The US dollar was trading high since the start of the week but rallied after the US Central bank monetary policy announcement. Federal bank has meet the [...]
