Technical Outlook

Dovish Fed further soured dollar’s near-term sentiment

The dollar index extended near-term weakness zone after dovish Fed further soured the sentiment. Although the US central bank pointed to strong economic recovery, changed rhetoric about the health condition, which is not any more the key obstacle for recovery and moved expected time for the first rate hike from 2024 to 2023, the tone was still…
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Fresh risk aversion pushes the Aussie dollar lower

The Australian dollar accelerates lower in early European session on Tuesday, driven by risk aversion on further drop in Chinese stocks. The situation with Covid-19 is mixed, as Victoria state is about to ease measures but New South Wales records new virus cases that continues to sour the sentiment and weigh on risk-sensitive Aussie dollar. The…
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