AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading in the red against the U.S. dollar this Friday morning as risk appetite dwindles. The greenback’s safe-haven appeal has come into play via renewed attacks from Russia in Ukraine US banking concerns. Emergency borrowings from the Federal Reserve increased for the second consecutive week underlining the...Read More

The Japanese yen fell after the Bank of Japan’s (BOJ) left ultra-loose policy settings unchanged, especially the closely watched yield curve control (YCC) policy but removed its forward guidance that pledged to keep interest rates at current or lower levels. About an hour before the release of the BOJ rate decision, USD/JPY had been volatile...Read More