View full page at forexfactory.com

 

Australian Dollar Outlook Bearish as Coronavirus Cases Spike

From dailyfx.com

A fresh outbreak of coronavirus cases in Australia’s second most populous state threatens the outlook for the Australian Dollar, should the containment efforts halt the re-opening of the local economy. With the number of coronavirus cases in Victoria rising by double digits for the last 10 days, State Premier Dan Andrews warned “what we do now will determine what comes next”. Stressing the precariousness of the situation as “we again find ourselves on a knife’s edge”, Andrews has called upon the Australian Defence Force to assist in the ‘Suburban Testing Blitz” program that aims to conduct 10,000 test a day over the ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis