Coronavirus update: Victoria reports 75 new infections, six cases added via community transmission

Victoria records a big jump in new COVID-19 cases by a total of 75 on Monday, registering the biggest increase in Australia since April 10.  

Of the 75, 1 is hotel quarantined, 14 linked to known outbreaks, 37 routine testings and 23 are under investigation.

There have been double-digit increases in the number of new cases of coronavirus in Victoria for the past 14 days.

Australia’s Chief Health Officer Brett Sutton told RN Breakfast on Sunday: "It's absolutely a second peak and it's going to challenge us in the same way as that first one. But like the first one, we have been testing as significantly as at any point in Australia," 

"It's a genuine challenge now. I think we're right at the edge, in terms of being able to manage it. If it gets beyond us it's not due to lack of enormous effort, that's for sure."

The state has imposed the harshest lockdown measures once again to contain the second-wave.

Market reaction

AUD/USD stalls its bounce at 0.6876 on the worrisome virus stats, as it hovers around 0.6870 at the time of writing. The rebound in the S&P 500 futures underpins the higher-yielding aussie. The spot adds 0.15% on a daily basis.

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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: At risk of extending its slide

The greenback closed the week appreciating against most major rivals, although EUR/USD settled in the 1.1780 price zone, holding on to modest weekly gains. EUR/USD decline corrective on the broader view but could extend its slump in the shorter-term.


GBP/USD: Limited bearish potential

The GBP/USD pair finished the week with modest losses at 1.3050, giving up to the dollar’s demand at the end of the week. The Cable is trading above the 1.3000 level, which limits the bearish potential.


Gold: Acceptance above $2050 critical to revive the uptrend

Gold’s record-breaking rally could resume on a sustained move above $2050. RSI on 4H chart stays in the bullish territory, pointing to the upside. XAU bulls to buy the dips around $2010 in the week ahead?

Gold News

Bitcoin may extend the recovery once Gold resumes the rally

Gold retreated from the recent highs, but the sentiments are still bullish. Cryptocurrencies resumed the upside, some altcoins are demonstrating strong gains. ETH/BTC stopped the downside correction and settled at $0.03300.

Read more

WTI extends slide toward $41, on track to post weekly gains

Crude oil prices continued to fall on Friday and the barrel of West Texas Intermediate (WTI) touched a daily low of $41.05 before recovering modestly.

Oil News