Fundamental view: The Aussie has fell against greenback for a third week in a line. Things in Australia have continued to worsen on the COVID-19 front, affecting economic developments which weighed on AUD. The country has extended regional lockdowns imposed in June, as the number of coronavirus cases remains on the rise. Cities which has [...]
Fundamental view: US economic growth is expected to be twice as fast as Japan’s and that prospect has been a main support for the dollar. Japan’s central bank left its base rate unchanged at 0.1% in its decision on Friday while reducing its 2021 growth estimate to 3.8% from 4%. The Fed’s 2021 projection had [...]
Fundamental view: Pound fell against greenback in the last week. US Powell spoke regarding monetary policy. He said that inflationary pressures are likely to be temporary and pledged to maintain the financial support until the economy fully recovers. Meanwhile, Democrats presented a $3.5 trillion infrastructure package. On the other hand, In the UK, Prime Minister [...]
Fundamental view: The Euro has fallen during the week, as US dollar has strength this week. US Federal Reserve Chairman Jerome Powell testified before Congress on monetary policy. In his semi-annual presentation, he repeated that inflationary pressures are likely to be temporary and pledged to maintain the financial support until the economy fully recovers. European [...]
