Fundamental view: The Australian dollar has broken down significantly during the week, to reach through the 0.70 handle. The commodity-linked currency declined, however, after the Reserve Bank of Australia’s Governor Philip Lowe hinted an upcoming rate cut. Speaking at the Citi Group annual investment conference on Thursday, Lowe said further monetary easing would support jobs growth and alleviate currency pressures, [...]
Fundamental view: The Australian dollar initially fell during the course of the week but seems as if it found a way to go higher towards the end of the week. Earlier in the week, the RBA announced that it left its policy rate unchanged at 0.25% as expected. In its policy statement, the Australian central bank noted that [...]
Fundamental view: The AUD/USD pair has recovered some ground these days, as the greenback remained out of the market’s favor. Little of interest happened in Australia last week. The most encouraging news came from the coronavirus front, as the country seems to have controlled the latest outbreak, reporting on average 20 new cases per day this week. [...]
Fundamental view: King Dollar won the battle in the last full trading week of September, with AUD/USD plummeting and nearing the 0.7000 threshold. Several factors combined to put the greenback back in its throne this week, including a speech from RBA’s Deputy Governor Guy Debelle. US Unemployment Claims on 24th Sept , US Core Durable [...]
