USD/JPY Struggles for 106.00 as EUR/USD Eases Around 1.1800

Fewer Australians were reporting feeling concerned about their personal health due to Covid-19 in June compared with May, according to the Australian Bureau of Statistics. It reports that 54% in June showed concerns compared with 62% in May. Also, around 48% of Australians self-isolated in June compared with 62% in May, while only one-third of […]

AUD/USD Rally as FOMC likely dovish, Cheap money coming for US Economy

The US dollar weakens on expectations the Fed will keep the cheap money coming to support the US economy. The WSJ Dollar Index falls 0.6% to levels not seen since mid 2019, and US currency weakens 0.8% against the euro and 0.5% against the yen. “The combination of falling real rates and rising risk assets […]