by simplymacrostrategy | Mar 27, 2018 | Uncategorized
Australian Dollar (AUD) Foreign exchange can be a very frustrating asset class. Despite a strong correlation between US stocks and the AUD/USD exchange rate throughout Monday, the relationship completely broke down yesterday. The high around 0.7755 came at lunchtime...
by simplymacrostrategy | Mar 27, 2018 | Uncategorized
United States Dollar (USD) The US Dollar had a bad start to the week on Monday, falling against every one of the major currencies we follow closely here. Its index against a basket of major currencies tumbled from 89.05 to 88.55; its lowest level since February 16th....
by simplymacrostrategy | Mar 27, 2018 | Uncategorized
British Pound (GBP) The British Pound had a decent start to the week, even if its performance against the US Dollar gives a much-exaggerated picture of its overall strength. GBP/USD opened around 1.4135 and, along with most other currencies, rose steadily and without...
by simplymacrostrategy | Mar 26, 2018 | Uncategorized
Australian Dollar (AUD) We wrote here yesterday morning about the Aussie Dollar that, “the currency is more likely to be driven by events offshore than at home; especially by what happens in the US stock market”. That is pretty much exactly how things have turned out...
by simplymacrostrategy | Mar 26, 2018 | Uncategorized
British Pound (GBP) The British Pound starts this Monday morning after a good week, finishing higher but off its best levels against nearly all the major currencies. It began last week around USD1.3940 and by Thursday morning touched a high just under 1.4175 before...
by simplymacrostrategy | Mar 25, 2018 | Uncategorized
Australian Dollar (AUD) The Aussie didn’t just end lower against the USD last week. It was the worst performer of all the major currencies we follow closely here after a dive in the last hour of trading in New York. AUD/USD began the week around USD.0.7715, hit a low...
