- The Australian Dollar underperformed all other G-10 currencies on Monday, down 0.44% to 0.7427, driven by a high number of new crown cases in Australia, reducing the land's central bank water and soon began to downsize.
- Asian traders said that after bad outbreak data was released over the weekend in Australia, investors closed their remaining long positions in the Australian dollar against the established US dollar. was established last Friday due to weak US jobs data. Australia's most populous state of New South Wales reported 1281 new crown cases on Monday, while the number of new cases in a single day rose to a record 1533 over the weekend. The New Zealand dollar, which rose last Friday, also fell 0.3%.
- Kengo Suzuki, foreign exchange strategist at Mizuho Securities, said: “The increase in the number of infections in the country will certainly worry the Reserve Bank of Australia. "After the weak US jobs report sparked last Friday's rally, the Australian and New Zealand dollars are facing corrective selling."
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