Fundamental view: The US dollar has pulled back significantly during the course of the week to test the ¥109 level for support. With following the bouncing yields, the fall for the first four days as US Treasury yields saw their deepest losses in a month then rebounded as the credit market reversed on Friday. On [...]
Fundamental view: Euro showed an uptrend against greenback in the past week reaching a 1.19 level. The major reason for that is the broad dollar’s weakness as the result of falling US Treasury yields. US policymakers have repeated multiple times this week that the ongoing massive stimulus program will remain in place until the economy [...]
Fundamental view: The British pound rallied a bit during the week. Pound has managed to edge higher amid the UK reopening and dollar weakness. Apart from Covid news, Pound is set to rock in response to a series of top-tier UK data points. The main dollar drivers came from critical data points. In the meantime, Jerome Powell, Chairman of [...]
Fundamental view: The Australian dollar has rallied significantly during the course of the week. The strength of Aussie is mainly due to the broad US dollar weakness and moderate recovery of Australian economy. US Federal Reserve chief Jerome Powell repeated that the central bank will maintain its ultra-loose monetary policy until actual data confirms an economic comeback. Australia will reopen its [...]
