Fundamental view: In the last week, The aussie just went with the flow these days, boosted by rallying equities and persistent hopes among speculative interest, which believes that the economic chaos triggered by the coronavirus pandemic is on its final stages. On the other hand, the greenback remained pressured by a combination of factors such as political [...]
Fundamental view: The Australian dollar has shown itself to be rather resilient and strong during the course of the week, after initially pulling back. It seems that US dollar is probably in serious trouble longer term. There seems less stimulus in the market. As long as that is going to be the case in the United States, [...]
Fundamental view: The Australian dollar has fallen a bit during the initial week but later managed to overcome against greenback afterwards. A trough-to-peak rise of 38% is impressive for most stocks – and a rarity in currency markets, yet that is what happened to AUD/USD in 2021. Australia’s success against COVID-19, Chinese demand and central bank action are behind [...]
Fundamental view: AUD has rallied against greenback in the past week. Upbeat Australian employment data and a dovish US Federal Reserve triggered the bullish breakout. The American currency plunged on a risk-on mood and a dovish Fed, as speculative interest was optimistic over a Brexit deal and the US stimulus package. Both suffered delays and are still to [...]
