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 [...]
Fundamental view: The US dollar fell against many of its rival also against the Japanese yen during the trading course of the week. The fall of US dollar can be related to the US inflation. The Consumer Price Index was confirmed at 7% YoY in December, its highest since 1982. It is widely expected that [...]
Fundamental view: The British pound showed an uptrend against the greenback in this week, the catalyst behind this move is the US inflation. The greenback fell after inflation came at 7% YoY – the highest since 1982, while prospects of higher interest rates favor the underlying currency, the dollar reacted differently. The main reason is [...]
Fundamental view: The Euro rose against the greenback this week after a fall of last week. The Consumer Price Index was confirmed at 7% YoY in December, its highest since 1982. The high inflation due to disruptions in supply chain as pandemic blew in the year beginning caused the inflation to rise which in turn [...]
