Month: August 2022

FUNDAMENTAL ANALYSIS Andrew Sun AUD/USD The Aussie Dollar shed 1.08% over the past week to trade at 0.689 as geopolitical tensions flared up and US economic data positively surprised market participants. Being a risk-on currency, the Australian Dollar dropped sharply on Tuesday after US House Speaker Nancy Pelosi further strained US-China relations by visiting Taiwan. … Read more

FUNDAMENTAL ANALYSIS Jason Chen AUD/USD The Australian Dollar closed the week slightly higher, up 0.28% to close a fraction below 70 US cents. In line with market expectations, the Federal Reserve raised the Federal Funds Rate by 75 basis points on Thursday to bring the target range to 2.25%-2.50%. This was accompanied by a dovish … Read more