Fundamental view: Australian dollar has rallied significantly during the week. The United States is currently debating a stimulus package, which is normally bad for the US dollar and of course good for commodities which the Aussie dollar represents and this favored the Aussie in the last week. In the past week, US Revised Nonfarm Productivity [...]
Fundamental view: The AUD/USD pair has extended its 2020 rally to 0.7449 this week, ending it a handful of pips below it. The Australian dollar has been steadily but painfully advancing against its American rival, and the main reason behind it seems to be the tepid tone of equities. Good news flooded Australia this week, as [...]
Fundamental view: The Australian dollar is at its highest since September 1 against its American rival and not far from the 2020 high of 0.7413. The AUD advantaged the greenback as the investors dumped the latter in benefit of high-yielding assets. US equities rallied to record highs after US President Donald Trump agreed to begin the transition with [...]
Fundamental view: Aussie showed a mixed trend for the past week. A tough lockdown was imposed in South Australia, although it was lifted sooner than expected after contact tracers found out that one infected person deliberately lied about his exposure and contact with others. South Australia state Premier Steven Marshall explained the situation in a [...]
