The continued demand for risky assets puts pressure on the dollar, as it is the funding currency, which makes it profitable to borrow in dollars and then use it to buy other currencies, which, such as the euro, are supported by the wave of demand for the company shares …
Thursday, April 8th, today’s news—the Fed's meeting minutes confirm the regulator's dovish policy. Treasury yields fall ahead of jobless claims data, dollar is trading near a two-week low, global stock markets rise, S&P 500 hits another record close, Germany's industrial orders rise. The price of Brent oil is $62.77, WTI—$59.27, EUR/USD …
The Australian dollar against the US dollar managed to break the 0.7615 level and close the daily candle below it, which supports the continuation of our bearish expectations effectively during the coming period, paving the way for heading towards 0.7500, which represents our next negative target.
Therefore, we will continue …
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