Free Trial

NSW Cases Jump, AUD Pressured


AUD/USD drops to session lows after NSW reports 239 new coronavirus cases and announces the Sydney lockdown will be tightened for some areas. After extending the Sydney's stay-at-home lockdown for another four weeks yesterday, NSW Premier Berejiklian also announced two million Sydney residents living in one of eight hotspot areas in the west and south-western suburbs would have to wear a mask whenever they leave home.

  • AUD/USD down 14 pips at 0.7363 at fresh session lows. Yesterday the rate bottomed out at 0.7317. Bears will target 0.7290 low from Jul 21 and the bear trigger.

To read the full story

Why Subscribe to


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.