Fundamental view: Australian dollar finished higher last week, underpinned by increased demand for higher-risks assets on increased hopes for a faster than expected end to the coronavirus pandemic after Pfizer announced the development of a vaccine that tested at 90% effective. That news spiked the Aussie higher early in the week then investors held on [...]
Fundamental view: The Australian dollar has rallied rather significantly during the course of the week but has given up some of the gains on Friday. For election, Joe Biden has 273 electors granted, which means he will become the next occupant of the White House. However, US President Donald Trump has sent to courts his allegations of [...]
Fundamental view: Aussie fell in the last week and reached 0.70 level. The Australian dollar felt the heat of resurgent coronavirus cases in Europe and US, despite Australia managed to control the latest outbreak. Australian “victory” on COVID-19 is nothing to cheer. After over 110 days of lockdown in Victoria, the area reported no new [...]
Fundamental view: The Australian dollar has been back and forth during the course of the week, showing signs of confusion to say the least. The Australian dollar got hit by the Reserve Bank of Australia Minutes, as the document paved the way for a cash rate cut to a fresh record low of 0.1%. The strength of [...]
