BNZ is ringing alarm bells on the renewed Australian coronavirus outbreak and its implications for cross.
BNZ couch their analysis in NZD/AUD terms:
- NZD/AUD has found some support after dipping below 0.93
- Traders will be wary of taking the cross lower against a backdrop of the COVID19 outbreak in Victoria, as it risks spreading to NSW.
- The daily increase in new cases for Australia blasted through 500. The state of Victoria continues to show a disturbing outbreak, making up the bulk of new cases. News that 90% of those with symptoms were not self-isolating suggests that the trend is likely to rise further.
- NSW is showing an uptick in case numbers, with links to the outbreak in Victoria. The risk of state governments imposing more economically-restraining restrictions remains very real.
ps. 0.93 on NZ/AUD is around 1.0750 on AUD/NZD if you need.
----
State authorities in Victoria are not ruling out further restrictions but listening to their press conferences does indicate this is far from a preferred option for now. The finger is being pointed at people going to work, and out to the shops, while awaiting test results. Authorities argue that imposing further lock down would not assist with addressing this.
NSW, meanwhile, is seeing low numbers but increases there do raise the prospects of renewed lock down measures.
ps. The state of Victoria's mandatory mask-wearing rule while out of the house comes into effect today.
Reprinted from forexlive, the copyright all reserved by the original author.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.