AUD/USD Poor Weekly Start
The pair extends yesterday’s losses since broader sentiment was cautious overnight, but finds support as we head towards the open of European markets
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The pair extends yesterday’s losses since broader sentiment was cautious overnight, but finds support as we head towards the open of European markets
The pair starts the week on the back foot, as the US Dollar attracts flows, following Friday’s negative reaction the US inflation figures
The week starts on the back foot, as fresh Omicron warning in the UK weigh on the Pound, following Friday’s US CPI-fueled rebound
This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation
The pair is steady today, in appositive week so far, as markets brace higher for higher Consumer Price Index (CPI) in the US
The Kiwi has the opportunity to halt its five-week losing streak, but faces difficulties as we move towards the European open
On Tuesday 7 December the Reserve Bank of Australia kept is cash rate at 0.10%, in line with the consensus forecast. The statement suggests that inflation generation is still a concern for the central bank, "…inflation has picked up, [but] it remains low in underlying terms. Inflation pressures are also less than … many other countries… because of…modest wages growth in Australia." Thus, a key determinant on monetary policy is…
Further to yesterday's article, the Bank of Canada kept its overnight rate at 0.25%, which was expected. The market has been pricing in a rate hike as early as March next year, and possibly even earlier, but the BoC reaffirmed its guidance that the first hike should come "in the middle quarters of 2022." This was more dovish than the market expected, and the USDCAD reacted by jumping higher on…
The common currency managed to stage a solid rebound on Wednesday, following a poor weekly start, but today it faces renewed pressure
The Pound dropped to its lowest level since November 2020 against the greenback yesterday, harmed by UK’s tougher Covid rules
The pair started the week on the back foot, but today it rises, as talk of UK lockdowns harm the Pound
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