Fundamental view: The Australian dollar has fallen during most of the week against the American dollar. The rationale behind this can be linked to the Hawkish Fed. The minutes from the Central bank’s December 16 meeting highlighted a discussion about reducing the bank’s $8.5 billion balance sheet. Fed also judged that conditions for a rate [...]
Fundamental view: The Australian dollar has rallied a bit during the course of the trading week but within a relatively tight range and traded around 0.7260 level at the end of the week. Last week, Announcement from Prime Minister Scott Morrison after a national emergency cabinet meeting favored the Australian dollar. He announced a federal definition [...]
Fundamental view: The Australian dollar has rallied against the American dollar during the week. The improved market mood acted as a tailwind for the Aussie. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge in new COVID-19 cases around the world and in turn, improved [...]
Fundamental view: The Australian dollar traded up and down against the greenback and ended the week at the 0.7120 level. The upbeat employment data was the major catalysts favoring the pair this week. The Fed announced the monetary policy this week which was same as market expectation. The Fed made an increment in the reduction [...]
