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Mar 15 - 05:00 PM

AUD/USD - Gaps Lower, Australia Announces Travel Restrictions

By Krishna K  —  Mar 15 - 03:20 PM
  • AUD/USD down 1% in early Asia, trades at new 11-year low of 0.6120

  • Falls on news Australia to impose 14-day self-isolation on intl travellers

  • PM Scott Morrison announced new measures Sunday nL4N2B801Z

  • World closes borders, restricts travel to contain global coronavirus spread

  • Lockdowns, self-isolation, entry bans imposed to fight spread nL4N2B803M

  • Markets price in inevitability of global recession, AUD heads for sub 0.6000

  • Initial support 0.6075, Nov 2008 low; resistance 0.6165, 0.6190, 0.6215-25


Source:
Refinitiv IFR Research/Market Commentary

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