Fundamental view: The Australian dollar made modest losses against its American dollar rival. The hawkish fed amidst the risk averse market sentiment due to the Ukraine uncertainty favored the US dollar. Whereas hawkish stance by the RBA favored the Aussie. The Fed unveiled the monetary policy this week. Minutes from last month’s Federal Open Market [...]
Fundamental view: The US dollar rallied against its yen counterpart during the trading course of the week. The aggressive stance of fed policymakers was the major catalyst favoring the dollar. The Fed unveiled the monetary policy this week. Minutes from last month’s Federal Open Market Committee (FOMC) meeting made the reduction plan concrete. “Participants generally agreed [...]
Fundamental view: The British pound booked loss against the US dollar amid hawkish Fed-driven and risk-averse market sentiment. The risk-off flows and the dollar’s demand remained the central narrative this week which pushed the pound to book losses. Fed March meeting’s minutes delivered a hawkish surprise. The minutes revealed that the board members outlined plans [...]
Fundamental view: Euro had a bad week against its American rival. The prospects of aggressive rate hike from the Fed Policymakers and the idea that Eastern European crisis would take long to get resolved favored the greenback. The Russian invasion of Ukraine disturbed the supply chain and the commodity prices went to multi year highs [...]
