Fundamental view: The Australian dollar has rallied a bit during the course of the week The macroeconomic data coming from major economies indicated sustained growth, regardless if it missed or surpassed the market’s expectations. Central bankers from around the developed world are showing different degrees of optimism regarding the post-pandemic comeback, which is underway. Australia [...]
Fundamental view: The Australian dollar has fallen rather hard during the course of the trading week. Chief Jerome Powell & Co. upwardly reviewed their forecasts on growth and inflation for this year and the next, bringing forward chances of rising rates, as the dot-plot now shows two possible hikes for 2023. Till now, the Fed [...]
Fundamental view: The Australian dollar initially tried to rally during the week but it gave up gains to form bear candle in the end. Risk appetite has offset demand for the American dollar, despite the US economy is among those improving the most. Australia is not more behind behind, as the Q1 Gross Domestic Product [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the week, as we continue to see a lot of noise when it comes to the idea of inflation. Inflation is good for commodities, and thus by extension it is potentially good for Australia. The central bank left interest rates unchanged as expected in [...]
