Fundamental view: Euro traded its lowest at this week. The market moves with the idea of US dollar strength. The FX board is depending on 2 things - higher chances of US tapering and the spread of the coronavirus Delta variant. Fed published the minutes of its latest FOMC meeting which indicated that the policymakers [...]
Fundamental view: The Euro has fallen hard during the course of the trading week but later picked up. The dominant downtrend was interrupted on Wednesday, following the release of US inflation figures. The central bank is trying to cool down tightening expectations by saying that heating inflation will likely be temporary and resting on the [...]
Fundamental view: The Euro initially tried to rally during the course of the week but then fell at the end of the week. The greenback took a hit in the previous week from the US Federal Reserve, as chief Jerome Powell spoke. However, it does seem like the central bank is paving the way to [...]
Fundamental view: Euro traded high against the greenback in this week and reached July high. The US central bank left its monetary policy unchanged which was expected and the economy continued to progress but noted that “substantial further progress” toward the Fed’s goal of stable prices and maximum employment has not yet been achieved. “We [...]
