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Mar 19 - 02:36 AM

AUD/USD - Has No Way Back Up As Australia Shuts Borders

By Ewen Chew  —  Mar 19 - 01:30 AM
  • AUD/USD bobbed up after collapsing to 18-year low 0.5510, last 0.5569

  • But litle chance of further recovery as economic impact set to rise

  • RBA's Lowe says cash rate will remain low for some years nS9N2B902T

  • Australia bans all non-citizens, non-residents from entry nS9N28R026

  • Move follows RBA rate-cut to record low, first ever QE nL4N2BC1EE

  • Psych barrier a 0.5000 attracting bears looking to trigger stoploss orders













Source:
Refinitiv IFR Research/Market Commentary

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