Fundamental view: Last week was a great week for the greenback. The support for greenback is favored by the persistent optimism about a large, new US stimulus package of $1.9 trillion, with Democrats moving to pass US President Joe Biden’s bill without Republican support. Worth noting that despite such move Biden and Republican senators are [...]
Fundamental view: The EUR/USD pair has fallen during the week but finished it above the 1.2100 range. The greenback appreciated on risk aversion generated by turmoil in equities markets. Traders looked beyond US first-tier data, instead focused on the individuals; investors craze that stole headlines these days but on the other hand, US data was mostly upbeat. US [...]
Fundamental view: The Euro has rallied significantly during the course of the week. A scarce macroeconomic calendar, uneventful central banks and corona virus-related concerns offset hopes that vaccine immunization will soon put an end to the pandemic and let economies return to the growth path. In the meantime, The US Federal Reserve is having a monetary policy meeting [...]
Fundamental view: Euro fell against greenback in the past week. The US currency received an initial support from the Federal Reserve. Officials did not agree that they intend to taper their bond-buying scheme – but merely talking about rosier forecasts supported yields and the greenback. Jerome Powell, Chairman of the Federal Reserve, seemed to put an end [...]
