Free Trial

Lockdowns Weigh


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.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.