Andrew Sun

FUNDAMENTAL ANALYSIS Jason Chen AUD/USD The Australian Dollar closed lower at 0.65260 against the greenback, a fall of 2.89% over the close of the previous week. On Wednesday, the Federal Reserve announced a 75 basis point increase to the Federal Funds Rate, bringing the target range to 3-3.25%. The fifth rate hike this year also … Read more

FUNDAMENTAL ANALYSIS Andrew Sun AUD/USD The Australian Dollar shed 1.86% over the past week to trade at 0.6723 on the back of US inflation data and some dovish commentary by the RBA. For the month of August, US headline inflation rose 0.1% month-on-month, above consensus estimates which had forecasted a 0.1% fall in overall inflation. … Read more

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 Andrew Sun AUD/USD The Australian Dollar slid 0.44% over the past week to trade at 0.6894 amidst better than expected US Retail Sales and consumer confidence data, before staging a late rally as markets digested some Fedspeak comments. On Friday, US Retail Sales for June had grown 1.0% month-on-month, which beat market expectations … Read more