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Australian Dollar: Rising Iron and Copper Prices to Bolster AUD/USD
The Australian Covid-19 vaccination program officially started this week. Australian Prime Minister Scott Morrison, along with a group of aged care residents, received a dose of Pfizer’s vaccine. Prime Minister Morrison described it as a ‘historic day’ for the country. The initial phase is set to deliver thousands of vaccine doses to healthcare workers and other priority patients in the coming weeks. Aussie-Dollar sentiment may receive a boost if the vaccination program’s initial rollout is smoothly administered. AUD/USD gained nearly 1.50% last week as rising commodity prices bolstered the pair’s outlook. ... (full story)