Fitch Ratings: Economic activity in Australia to rebound in Q4 with reopening

Dhwani Mehta FXStreet

Global ratings agency Fitch Ratings is out with its latest assessment on the Australian economy, with the key findings noted below.

“Financial flexibility supports issuers as Australia transitions to living with COVID-19.”

“Expect activity to begin to rebound in late 2021, as Australia’s two largest cities, Sydney and Melbourne, emerge from pandemic-related lockdowns.”

Market reaction

AUD/USD is trading 0.10% higher on the day at 0.7422, as of writing, flirting with fresh monthly tops of 0.7427 reached on Thursday.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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