Fundamental view: The Australian dollar initially rallied during the course of the trading week but gives back the gains and reached the 0.76 level. Weakness in the Aussie may have been for a couple of reasons. The first reason is the drop in iron ore prices, with the Dalian Commodity Exchange (DCE) futures contract down over 17% [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the week and finished the week with modest losses. Even though the greenback is having broad weakness, the AUD has failed to attract speculative interest of the traders. The pair’s behavior has been directly correlated to that of Wall Street, which in [...]
Fundamental view: The Australian dollar has fallen during most of the week and reached down towards the 0.77 level, Traders now believe that the US economy is going to accelerate and that consumer inflation is more than a transitory phenomenon and it has helped the dollar to show strength. April’s US Retail Sales numbers on Friday were [...]
Fundamental view: In the previous week, Aussie traded high against the greenback. The US Federal Reserve members spent quite a lot of time in clarifying that they would not change the current monetary policy regardless of higher inflation. US Treasury yields fell with such comments, accelerating their slump on Friday, as inflation and rate hikes [...]
