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19 Jul 2021
Breaking: AUD/USD refreshes yearly low under 0.7400 on coronavirus woes
- AUD/USD remains pressured for third consecutive day as bears attack early December 2020 levels.
- Virus concerns escalate as number of exposure sites jumps in Victoria, UK marks the largest infections since January.
- Indecision over Fed’s next moves, extended local lockdown in Australia weigh on sentiment.
- Covid updates, qualitative catalysts become the key amid a light calendar.
AUD/USD stays offered near the fresh yearly low, down 0.24% intraday around 0.7380, amid Monday’s Asian session.
More to come...