At the time of writing, AUD/USD is treading water near the lows of the day, 0.7326, lowing some 0.85% at 0.7329 after collapsing from a high of 0.7402. A sharp risk-off tone sent the Aussie off a cliff at the start of the week as worries about the Delta variant spread, a theme forecasted in the following early Asia article that can be read here: • COVID spread weighing on market's risk appetite. AUD has been significantly impacted for its proxy status to emerging Asia with the rising delta variant fears. Moreover, the currency is under pressure due to the extended lockdowns on home soil in the country’s two most ... (full story)