AUD / USD moves around 0.7700 during the beginning of the Asian level. That was happened on Tuesday. The Aussie pair was up for two days in a row. It reached the highest level for a while. It Was happened for two weeks.

The position was in the middle of risk-on situation and the weak US dollar on Monday. The $1.9 trillion package from Joe Biden will for sure help the risk. However, the talk about reflection and the US yield treasury also gets the momentum lately.

The economic detail is rare for this week. However, the AUD / USD could really cheer up the sellers since the US (DXY) index makes its weakened is longer. It is especially from the highest level for two months. What next?

Risk is Still Increasing

Meanwhile, risk is still increasing because the hope of stimulus and vaccine. In its newest update, Mitch McConnell as the head of Republican House said that DemocraT has decided to do the virus help by themselves. Before, senate has been legalized the proposal.

It is about the stimulus package which is awaited by people to sent them back to the Congress. The aim is to get a further detail. During the situation, Janet Yellen as a Financial Ministry of USA and most of the Fed members are having the same thought.

They don’t doubt to take a higher number to design a recovery in this year. Another positive side is that the case of coronavirus which decreased globally. However, there is a case of second infection in Melbourne and covid vaccination.

Elsewhere, the news about Australian ambassador who pushes America to consider again about the transatlantic relationship also supports the risk. There are some other things which are also happened in the market now.

The New Reflection Risk

It must be stated that the newest effort from the global decision maker to pump the economic situation has been renewing its reflection risk. The same thing can be seen from the newest demand from the United States yield treasury.

Meanwhie, the ten years note sign a jump to the new highest level since March 2020. Elsewhere, the arrest done by China to the Australian TV anchor and the tension happened between Iran – America is now discussed. That gets only small acceptance from the public.

With that background, the Wall street was up for about 1.0% at the end of sales on Monday. In the future, the numbers of business trust is hoped to increase. The same expectation is also for the Australia National Bank business condition.

The expected level is 8 and 11 versus 4 and 14. If that expectation is happened, that could offer the straight direction to the AUD / USD. That is why; now the market participants are still seeing the chance and situation in the market.

Pound Jump to Its Highest Level

Pound jumps to its highest level for 22 months to Dollar. That was happened on Tuesday. It was supported by the rising obligation result in England and amidst the optimism due to the re-opening situation of some countries in the world.

It is because the quick vaccine release. For your information, the GBP / USD is up for 0.46% becomes $ 1.3802. Sterling is taking an advantage from the Gilt situation which is also higher during the last sessions. It chases the very optimistic BoE growth.

That was happened on Thursday. The Bank of England maintain its interest rate. It did not change last week and said that their party projected PDB to recover quickly. It is directed to go to a level before Covid situation in 2021.

For 2022, the Central bank increases its growth expectation. It will become 7.25% from the further expectation. The past expectation is around 6.25%. However, people can only wait and see from now since the condition could be uncertain.