Moody’s: Australia’s containment of pandemic paves the way for economic rebound
|“Australia's much better containment of pandemic than other countries has paved the way for eased restrictions and an economic rebound,” Moody’s Investors Service noted in its latest report.
Additional takeaways
“Corporate Australia set for uneven recovery across sectors.”
“Most corporate sectors in Australia poised for recovery, but uncertain air-travel restrictions to weigh on the aviation sector.”
“Metallurgical (MET) coal demand in Australia will suffer as a result of trade tensions with China.”
AUD/USD is off the lows
AUD/USD is attempting a bounce back towards 0.7850, as the US dollar recovery fades despite the risk-off market mood.
Markets remain worried about rising inflation fears, thanks to the recent surge in commodities prices.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.