Fundamental view: The Australian dollar has gone back and forth during the course of the week to show signs of exhaustion in the previous week. The slump was all about demand for the American currency amid renewed strength in government bond yields. On Tuesday of the previous week, the Reserve Bank of Australia had a [...]
Fundamental view: The AUD/USD pair was in uptrend in the beginning of the week touching a fresh three-year high, but it was all downtrend from there. Wall Street plummeted as US Treasury yields soared to one-year highs, by dragging commodity-linked currencies lower. The pair made a rally as the American dollar maintained its sour tone while [...]
Fundamental view: AUD has rallied against greenback in the past week. The Aussie is continuing to benefit from the outperformance from building optimism over the global growth outlook which is helping to improve Australia’s terms of trade. The RBA noted earlier this week that the trade-weighted Aussie would normally be expected to be around 5% higher based on higher commodity prices, [...]
Fundamental view: The AUD/USD pair advanced for a second consecutive week, recovering from the 0.7700 threshold. The main reason was the generalized dollar weakness, amid tepid US employment data spiced with some dovish comments from US Federal Reserve head, Jerome Powell. The Fed president said that there’s a long way ahead to achieve full employment, [...]
