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Deutsche Bank says the Australian dollar will remain under pressure from the Covid surge. The commentary notes a spike in Australia's unemployment rate linked to lockdown restrictions.
The piece is a short video segment with little additional detail.
Lockdown-driven weakness in the Australian economy and currency points to softer domestic demand, with minimal direct effect on feed commodity prices.
cnbc.comJul 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
