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Coming Under Further Pressure

AUD

AUD/USD coming under further pressure, the pair last changes hands for 0.7758, down around 11 pips on the session but off session lows of 0.7740.

  • AUD has come under pressure as AUD/NZD sales has seen AUD/USD pushed towards option related buy orders around 0.7740, with some AUD 828m of puts rolling off at 0.7750 on Jan 12.
  • Covid concerns persist, though case numbers are still low relatively. Brisbane imposed a 3-day lockdown after the UK variant of coronavirus was detected. While it was also announced that Australia will reduce the cap on international arrivals to some states by 50% until February 15, and those travelling to Australia must return a negative COVID-19 test before returning.
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