Forex Market: AUD/USD hits a fresh three-year high amid a surge in commodity prices

February 23, 2021 10:21 am
AUD/USD traded in proximity to fresh three-year highs on Tuesday, underpinned by the recent surge in commodity prices. Higher prices for a range of materials, including oil, copper, lumber and milk powder, have provided support to commodity currencies such as the Aussie and the kiwi dollars. Yesterday the price of copper surged above $9,000 per […] Read more

Forex Market: GBP/USD hits a fresh 34-month high on UK vaccine roll-out success, Dollar pressured by recovery pace doubts

February 15, 2021 10:08 am
GBP/USD rose to a fresh 34-month high on Monday, as market players doubted whether US recovery from the pandemic-induced shock would be as fast as anticipated, which pressured the US Dollar. The Sterling has also drawn support from the success of the UK government’s vaccination program. Reports emerged that the government had achieved its objective […] Read more

Forex Market: AUD/USD hits a fresh two-week high on improved risk sentiment, optimistic Australian business confidence data

February 9, 2021 10:11 am
AUD/USD, a liquid proxy for risk, extended gains from the previous two trading days on Tuesday, while touching a fresh two-week high, supported by improved market sentiment and upbeat Australian macro data. National Australia Bank’s gauge of business confidence, reported earlier Tuesday, climbed to a reading of 10 in January from a revised up value […] Read more

Forex Market: GBP/USD eases from over 2 1/2-year highs, GBP outlook bullish, USD waits for fresh clues over economy

February 8, 2021 10:04 am
GBP/USD eased from recent more than 2 1/2-year highs, but remained supported just above the 1.3700 mark on Monday, with some analysts being rather bullish on its outlook. Earlier in February the Sterling climbed to highs unseen since May 2018 against the US Dollar, supported by improved risk sentiment, optimism over UK’s coronavirus vaccine roll-out […] Read more