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Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace
Nothing good is going on down under. Even though July typically brings about a better performance for the Australian Dollar, it has not showed. The Australian Dollarfinished the week at its weekly lows, monthly lows, and yearly lows. And its performance showed: AUD/JPY dropped by -1.33%; AUD/USD by -1.32%; EUR/AUD added +0.65%; and GBP/AUD gained +0.34%. Renewed lockdowns in the face of already sputtering economic data has left the Australian Dollar without any positive catalysts in the near-term. The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on ... (full story)
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- Jul 17, 2021 3:02am Jul 17, 2021 3:02am
- Gitunes
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- NotAtrader
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