Fundamental view: The US dollar has gone back and forth during the course of the trading week to hang around the ¥109 level. Central banks dominated the market news this week but US yields controlled the action. The Bank of Japan (BOJ) widened the band for long-term rates to 0.25% around a 0% mid-point from the implicit 0.2% current [...]
Fundamental view: The Australian dollar has found itself somewhat weak against its American rival during the course of the week. Upbeat Australian data could not beat higher government bond yields, which was the centre of attraction news of the previous week. The US Federal Reserve announced its monetary policy decision on Wednesday, and, as widely anticipated, policymakers [...]
Fundamental view: Euro kept surfing yields’ waves, and the greenback was the winner. Euro is trading around 1.1900 levels in the previous week. The Central banks are taking different stances on soaring yields. On Wednesday, the US Federal Reserve had a monetary policy meeting, and the policymakers maintained the current policy unchanged as it was anticipated [...]
Fundamental view: Bitcoin showed sluggish move against greenback in the previous week. A report by Deutsche Bank Research said that Bitcoin has become “too important to ignore” and may attract regulation by the end of 2021. Deutsche Bank analysts expect Bitcoin to reach a turning point in about “two or three years” when it will be clear [...]
