News

Australian states NSW and Victoria to close borders as COVID-19 cases mount

Australian states NSW and Victoria are reported to be closing their borders as COVID-19 cases mount.

The Sunday Morning Herald summarised the details of the rapid surge in cases and Australia's response as follows:

Market implications

So far, AUD has yet to suffer any setbacks on the news:

AUD/JPY taking on the 74.90s as bulls firm their grip despite COVID-19 risks

However, the ASX 200 Index is struggling to find a bid in the open, stuck between a 6047 and 6057 range so far, slightly damaged by the reports. 

 

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