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The first half of the year was rather choppy for the US dollar as massive bets of weakness were scaled down.  Many on Wall Street expected the dollar to weaken

AUD/USD may see further upside potential in the short-term supported by China robust key economic data and PBoC accommodating monetary policy

Aussie dips below 0.77 line January 18, 2021SharePrint The Australian dollar has started the new trading week with slight losses. AUD/USD is currently trading at 0.7681, down 0.26% on the day. US dollar on the move The US dollar looked like the G-10 punching bag in the latter months of 2020, and the Australian dollar took full advantage by posting sharp gains. The New Year has been witness to a stronger US dollar, and this was apparent on Friday, as the US dollar pummelled the Aussie and gained 0.99% per cent. This marked AUD/USD’s strongest one-day gains since October. The US dollar’s br...

Aussie slides despite sharp retail sales January 11, 2021SharePrint The Australian dollar has started the new trading week with sharp losses. AUD/USD is currently trading at 0.7685, down 0.91% on the day. The Aussie finds itself in the unusual position of being on a mini-slide, as the US dollar is finally showing some signs of life. US yields boost dollar Solid Australian data on Monday could not stem the Aussie’s slide against the US dollar. On the inflation front, the Melbourne Institute Inflation Gauge rose 0.5% in December, up from 0.3 per cent. The reading marked a 5-month high, pointi...