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Lockdowns Weigh

AUD

AUD/USD coming under some more downside pressure but losses staying small at the moment. The pair last near session lows at 0.7366. For the bearish outlook to firm, markets need to slip through this week's low of 0.7316 ahead of the 0.7290 bear trigger.

  • Coronavirus cases remain elevated, there were 345 in NSW today, up from 344 on Wednesday, the lockdown in Sydney was extended this week and looks like it will run until August. Elsewhere there were reports that ACT (Australian Capital Territory) will go into a 7 day lockdown.
  • Data earlier showed consumer inflation expectations slipped to 3.3% in August from 3.7% in July.
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