Fundamental view: The Australian dollar initially tried to rally during the course of the week but gave back the gains to close above 0.7600 level. The US Federal Reserve had a monetary policy meeting this week, and some analyst referred it as a dovish meeting, it was just like the usual wait-and-see. Fed Chair Powell balanced a [...]
Fundamental view: The Aussie seesawed between bullish and bearish trend to end the week around 0.7760 level. The Australian currency has been stronger in the pandemic if it was not because of China. Tensions between both countries, with the first pressuring to discover the origins of covid and the latter banning imports from the commodity-producer country. [...]
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 [...]
Fundamental view: The Aussie finished a second consecutive week pretty much unchanged near the 0.7670 level. The commodity-linked currency has remained away from investor’s radar this week, although it’s quite notable that with the broad greenback’s weakness and record levels in Wall Street, the pair was unable to advance. The American currency traded with a [...]
