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Analysts say new lockdowns in Australia, now covering Sydney, Darwin and Perth and about 80% of the population, could weaken the Australian dollar if the RBA turns more cautious. The RBA meets on July 6, and Goldman Sachs has forecast a softer AUD profile.
Internal border controls are also tightening.
Lockdowns cut Australian business activity and could shift central bank policy, which moves the Australian dollar and export pricing. The impact on feed commodity markets is limited.
poundsterlinglive.comGary HowesJun 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.
