Fundamental view: The Australian dollar edged higher against its rival American dollar reaching a fresh 2022 high of 0.7379 this week. Aussie reaction was resilient to the war. Leaders from all the West’s nations have asked President Vladimir Putin to put a halt to the war, but of no use. On Thursday, Putin said that [...]
Fundamental view: The Australian dollar advanced against American dollar for a fourth consecutive week, trading at around 0.7220 as the week ended .The risk off market mood amid geopolitical jitters made the commodity-linked currency to shrugge off to 0.7283, its highest since mid-January. The market sentiment fluctuated alongside headlines related to the Ukraine-Russia crisis throughout [...]
Fundamental view: The Australian dollar advanced against the US dollar for a third consecutive week. Aussie was favored by the rising gold prices amid the weak US dollar due to dovish Fed. However, The Russia – Ukraine saga soured the market sentiment prompting the traders towards the safe haven asset – Gold. Russia deployed troops [...]
Fundamental view: The Australian dollar traded high against the American dollar during the trading course of this week, despite of the broad US dollar strength. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and the jump was the highest level since February 1982. This led to the [...]
