Victoria’s daily coronavirus numbers arrived earlier which shows that the state has recorded 246 new, locally acquired cases of coronavirus and zero in hotel quarantine.
''That figure is up from yesterday’s 183 local cases and the highest number of daily cases in more than a year.
The Department of Health says of today’s 246 cases, 121 are linked to existing outbreaks. This means there are, at this stage, 125 mystery cases,'' The Sydney Morning Herald wrote.
''Authorities have not yet said how many cases were in isolation for their entire infectious period. We’re expected to learn more at this morning’s coronavirus update.
There are now 1619 active cases of COVID-19 across Victoria.
Today’s numbers are off the back of yesterday’s 42,248 coronavirus tests.''
New South Wales has reported new local cases 1281 just today, down from 1485 the prior day.
The good news is that Australia is moving forward towards vaccination targets in the region with 75% of the population already vaccinated with their first doses and on target to 80% of double does by October.
Meanwhile, as a potential boost to the Aussie despite the spread, Prime Minister Scott Morrison last week announced the deal would add 4 million Pfizer doses to Australia's supplies, doubling the nation's Pfizer supply this month.
The first flight from London was carrying 164,970 doses landed on Sunday evening while the second, carrying 292,500 doses, arrived a few hours later.
Deputy Chief Medical Officer Sonya Bennett said the extra vaccines had bolstered the vaccine rollout which should be reassuring for financial markets in APAC this week.
This is especially key on a week when the Reserve Bank of Australia is set to meet on 7 Sep.
See the FXStreet calendar
Meanwhile, AUD/USD is capped at 0.7480s and now faces pressures back to test the old resistance block as a fresh support structure.
The support comes in near the 38.2% Fibonacci and 50% mean reversion slightly below between 0.7380 and 0.74 the figure.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD retreats below 1.1350 after Trump threatens 50% tariffs on EU
EUR/USD pulls away from the two-week-high it set above 1.1370 and trades below 1.1350 in the American session on Friday. US President Donald Trump said that he is recommending a "straight 50% tariff" on European imports, making it difficult for the pair to preserve its bullish momentum.
GBP/USD rallies to fresh multi-year high near 1.3500
GBP/USD capitalizes on the heavy selling pressure surrounding the US Dollar and trades at its highest level since February 2022 near 1.3500 in the European session on Friday. The data from the UK showed that Retail Sales rose by 1.2% in April, surpassing the market expectation of 0.2% and supporting Pound Sterling.
Gold extends weekly rally, trades above $3,350
Gold builds on its weekly gains and trades above $3,350 in the second half of the day on Friday. The selling pressure surrounding the US Dollar and the risk-averse market atmosphere after US President Donald Trump threatened 50% tariffs on European imports fuel XAU/USD's rally.
Apple stock sinks below $200 after Trump threatens more tariffs Premium
Trump grows irate at Apple's move into India. President claims Apple must produce US-sold iPhone in US or face a 25% tariff. US equity futures slip more than 1% in Friday premarket after Trump threatens the EU with a 50% tariff.
Ripple Price Prediction: Whale accumulation sparks hope as rising exchange reserves signal caution
XRP sustains mid-week recovery as XRP/BTC flashes golden cross for the first time since 2017. Large volume holders increase XRP exposure, indicating rising demand and investor confidence.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.