FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The Australian Dollar rallied 1.53% against the greenback in the past week to hover around 0.7518. The continued strength this week has been despite the US Federal Reserve’s hawkish stance, with Fed chairman, Jerome Powell, reiterating the possibility of a 50 basis point increase in the near future, which would … Read more
FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The pair has rallied more than 2.7% in the last few days to 0.74. The strength this week came from rising commodity prices, positive employment data, as well as news from China about the setting of an economic growth target. Iron ore prices topped $150 a barrel during the week, … Read more
FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The AUD incurred some losses on Friday which continued the Aussie’s first week of losses after five weeks of gains as it closed just under 0.73. However, during the week it did manage to reach a new high for 2022 of 0.7441, with gains coming from rising iron ore prices … Read more
Fundamental Analysis AUD/USD The AUD has rallied from 0.7261 on 28 February to 0.7374 against the USD over the past week due to higher commodity prices and the fact that Australia is a big exporter of metals. It is somewhat surprising that the AUD has performed well amidst the Ukraine-Russia conflict given that it is … Read more