The Australian dollar was very strong lately, reaching the highest level in more than a year and a half against its US counterpart last week. But some traders are worried that the currency will be unable to extend its rally, especially if the nation’s central bank remains dovish. Let’s look at fundamentals that will be driving the Australian currency this week.
The Australian dollar was demonstrating an impressive performance so far in April. But can the currency maintain its upward momentum this week? Market analysts have doubts about that.
The Australian dollar has experienced strong volatile moves lately. The currency tanked in the first half of March, recovered a bit in the second half only to move down again in April. While it is hard to predict price movements during such volatile time, let’s see what factors will be affecting the Aussie this week and how the currency can react to them.
The US dollar demonstrated a rather good performance in January thanks to the risk aversion caused by the Wuhan coronavirus. But what to expect from the greenback during the first week of February and what factors will be driving it?
The Great Britain pound performed rather well last week, but this week’s behavior of the UK currency will likely be extremely erratic and unpredictable. The reason for that is the UK general election on Thursday. The outcome of the vote will shape Britain’s political landscape, and thus it will determine chances for a no-deal Brexit.
The US dollar performed very poorly last week despite the better-than-expected employment report. This week will have a couple important macroeconomic releases as well as a monetary policy meeting of the US central bank. Yet it is very likely that factors outside of the United States will have a bigger impact on the greenback.
The US dollar did not fare well last week, either falling or staying flat against its most-traded rivals. What events will be influencing the greenback this week and what traders can expect from the US currency?
The Canadian dollar ended the last trading week as the strongest among most-traded currencies despite surprisingly poor employment data. What expects the loonie during the current week? The week will be less eventful than the previous one, with the Bank of Canada monetary policy meeting being the only major event important for the Canadian currency specifically.
The US dollar ended the previous trading week relatively soft as markets were digesting the news that the United States decided to implement tariffs on Chinese goods. The developments in the trade negotiations between the world’s two biggest economies are likely to affect the greenback during the current trading week, though US macroeconomic data can have its impact as well.
The US dollar ended the past trading week relatively flat. What factors will drive the US dollar over the current week and what traders can expect from the greenback?
