Victoria’s daily coronavirus numbers are in as reported by the Sydney Morning Herald.
''The state has recorded 1438 new, locally acquired cases of COVID-19 and five deaths.
Today’s cases is a record for Victoria and up from yesterday’s record tally of 950 cases.
The Department of Health has not said how many cases are linked to known outbreaks or how many people were already isolating when they tested positive.
Zero cases were detected in hotel quarantine.
There are now 11,018 active cases of coronavirus across the state.
Today’s numbers are off the back of yesterday’s 65,497 coronavirus tests (the highest number of daily tests this year).''
Reuters added some colour as follows:
''COVID-19 cases in Australia's Victoria state surged to record levels on Thursday despite Melbourne, the state capital, being stuck in a hard lockdown for nearly two months as officials race to vaccinate the population before easing curbs.''
''Australia's largest cities, Sydney and Melbourne, and the capital Canberra are in a weeks-long lockdown to combat a third wave of infections fuelled by the fast-moving Delta variant. Authorities have ditched a COVID-zero strategy and are looking at higher vaccination as their exit strategy from lockdowns.''
''The record cases in Victoria come as the federal government on Thursday decided to phase out its emergency financial support for businesses impacted by the lockdowns, in line with its plan to end support to virus-impacted employees.''
meanwhile, Federal Treasurer Josh Frydenberg said the temporary payments will stop once 80% of the adult population in states and territories becomes fully vaccinated.
"We can't eliminate the virus, we need to learn to live with it in a COVID-safe way", Frydenberg said in a statement.
AUD/USD is under pressure
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 drops below 1.0800 after German Retail Sales data
EUR/USD has come under fresh selling pressure and trades below 1.0800 after the data from Germany showed that Retail Sales declined by 1.9% MoM in February. Resurgent US Dollar demand is adding to the downside in the pair. US data are next in focus.
GBP/USD stays weak near 1.2600 amid market caution
GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull.
Gold price holds strength ahead of US core PCE inflation
Gold price holds onto gains near $2,200 in Thursday’s European session. The precious metal exhibits firm footing ahead of the United States core PCE Price Index data for February, which will be published on Friday.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.