Fundamental view: Australian data showed a uptrend in the beginning of the week later the trend became favorable to the American dollar supported by the Inflation expectation and employment data. Federal Reserve has launched its bond program taper at previous Wednesday’s meeting with a $15 billion reduction in monthly purchases, only November and December were [...]
Fundamental view: Australian dollar had a fall against the greenback ending the week just below the 0.7400 level, The US dollar gained strength after the US Federal Reserve delivered as expected. The US Central Bank had kept interest rates unchanged at 0.25% which was widely expected and announced the reduction of its asset purchases by $15 [...]
Fundamental view: The AUD/USD pair advanced against the greenback for a fifth consecutive week. The pair reached the high of 0.7555 on Thursday, following the release of US growth-related figures. The US central bank is about to have a monetary policy meeting next week and make an announcement of the outcome on Wednesday, November 3. Back [...]
Fundamental view: Aussie went back and forth against the greenback during the trading course of the week. Firmer gold prices played a supportive role, as the bright metal soared this week. The dismal Chinese data undermined demand for high-yielding assets which benefited American currency. But the market’s mood reversed by the US Q3 earnings reports. [...]
