Fundamental view: The Australian dollar has gone back and forth during the week. The greenback was the clear weekly winner, appreciating sharply against most of its major rivals. Aussie’s declines were limited by the equities positive momentum, as Wall Street flirted with record highs. Market players were optimistic amid progress in US President Joe Biden’s [...]
Fundamental view: The Australian dollar initially fell during the course of the week but has turned around to show signs of strength again. The Australian currency was weighed by a sour sentiment that sent equities down. The poor sentiment was partially triggered by soft data indicating slow economic progress within the pandemic scenario, but also by an [...]
Fundamental view: The AUD/USD pair has made little progress this week as investors struggled to maintain the optimism alive. Australia reported on Thursday a week without new coronavirus contagions, although a foreign visitor tested positive on Friday. The country reported a total of 28,755 contagions since the pandemic started, and 909 deaths linked to the virus. [...]
Fundamental view: The Australian dollar has gone back and forth during the course of last week ending with a bearish candle. The basic logic for the AUD/USD is that of the commodity complex in anticipation of a global recovery as the pandemic relents. That scenario still holds as the final arbiter for 2021 despite the [...]
