Fundamental view: In the past week, Bitcoin rallied against greenback. Investors are certainly looking to crypto as an asset class, but bitcoin is still quite volatile. Yet, crypto advocates see bitcoin and ether (ETH) similar to different asset classes, according to Joel Edgerton, chief operating officer of cryptocurrency exchange BitFlyer USA. “My guess is that [...]
Fundamental view: Last week was a great week for the greenback. The support for greenback is favored by the persistent optimism about a large, new US stimulus package of $1.9 trillion, with Democrats moving to pass US President Joe Biden’s bill without Republican support. Worth noting that despite such move Biden and Republican senators are [...]
Fundamental view: The Australian dollar initially fell during the course of the week but has turned around to show signs of strength again. The Australian currency was weighed by a sour sentiment that sent equities down. The poor sentiment was partially triggered by soft data indicating slow economic progress within the pandemic scenario, but also by an [...]
Fundamental view: The US dollar has rallied significantly during the course of the week to reach towards 105 level. Demand for the greenback on risk-aversion boosted the pair, which held on to gains as Wall Street found they way up following a sell-off at the opening, trimming part of their intraday losses, although it fell to [...]
