# Australian dollar is under pressure amid Covid surge: Deutsche Bank

> 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.

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/46320-australian-dollar-is-under-pressure-amid-covid-surge-deutsche-bank
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lockdown-driven weakness in the Australian economy and currency points to softer domestic demand, with minimal direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/video/2021/07/29/australian-dollar-is-under-pressure-amid-covid-surge-deutsche-bank.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.