Fundamental view: The Australian dollar has fallen significantly during the course of the week but also recovered as traders covered positions heading into the Easter weekend. Market Sentiment continues to lead the way, mainly centered on a US economic comeback, moreover after US President Joe Biden finally unveiled his investment proposal. In the past week, [...]
Fundamental view: The Australian dollar fell during the week reaching to the 0.76 level. The dollar is in uptrend as greenback has been building on infrastructure plans to rise, and more data are due in the upcoming week along with the all-important Nonfarm Payrolls report. Greenback remains strong even though there was a fall in yield. [...]
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: Aussie showed a confusing trend against greenback in the previous week. The greenback strengthened on the back of soaring government bond yields. Whereas, The Reserve Bank of Australia Governor Philip Lowe reiterated that “the bank remains committed to the three-year yield target,” but he did not leave alone with words, he turned to [...]
