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- AUDU/USD: Lockdowns close Sidney, open aussie's downside - Mizuho
AUDU/USD: Lockdowns close Sidney, open aussie's downside - Mizuho
FXStreet reports that analysts at Mizuho Bank suggest that the AUD/USD pair’s room on the downside looks set to widen in July.
“There are concerns that the pace of the economic recovery might slow on the two-week lockdowns implemented in Sydney (NSW) and other regions. The aussie will also be impacted by the RBA’s policy stance. In the US, meanwhile, the FOMC adopted a hawkish stance at its last meeting.”
“It seems Australia’s domestic fundamentals to be released this month will continue to remain firm, but the AUD/USD pair could be weighed down by ongoing lockdowns.”
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