Forex Market: AUD/USD rebounds from two-week lows as risk sentiment improves, Yellen’s testimony on stimulus eyed

January 19, 2021 10:58 am
Having touched a two-week low on Monday, AUD/USD firmed on Tuesday, as investor risk sentiment improved on renewed optimism that China will continue to drive growth in the Asia Pacific area. The latest macro data showed that Chinese economic growth had accelerated during the fourth quarter, while the nation’s economy had been among the few […] Read more

Forex Market: AUD/USD rebounds as greenback pauses four-day advance, triggered by higher bond yields

January 12, 2021 10:00 am
Following a steep drop a day earlier, AUD/USD traded higher on Tuesday, as the greenback paused a four-day advance, triggered by rising US bond yields. Expected to take office on January 20th, President-elect Joe Biden has promised “trillions” in additional coronavirus relief spending, which pressured government bonds and drove bond yields higher. The yield on […] Read more

Forex Market: AUD/USD hits a fresh 134-week high as vaccine rollout, US stimulus fuel investor risk appetite

December 30, 2020 10:30 am
AUD/USD extended gains from the previous trading day on Wednesday, while reaching highs not seen since June 2018, as the US Dollar continued to retreat and riskier assets were bolstered by vaccine-driven global growth prospects and US fiscal stimulus optimism. “The start of COVID-19 immunization campaigns in several countries as well as additional U.S. fiscal […] Read more

Forex Market: AUD/USD retreats despite upbeat Australian retail sales as new COVID-19 strain pressures sentiment

December 22, 2020 10:18 am
AUD/USD continued to retreat on Tuesday, disregarding an upbeat domestic retail sales report, as a new, more infectious strain of COVID-19 kept pressuring demand for risk-sensitive assets because of global recovery-related concerns. Yesterday the Aussie fell to a 1 1/2-week low of 0.7462 against its US counterpart, before recouping a portion of that loss later […] Read more

Forex Market: GBP/USD plunges over 2% as Britain tightens COVID-19 restrictions, Brexit trade talks continue

December 21, 2020 10:15 am
GBP/USD plummeted over 2% in early European trade on Monday, while extending losses from last Friday, after the UK government tightened restrictive measures in London and nearby areas in an attempt to curb the spread of a more infectious strain of the coronavirus. This led countries such as France, Germany, Belgium, Italy, the Netherlands, Canada […] Read more