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DCFX-TA

AUDUSD | Market outlook

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
DCFX-TA  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
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  • The pressure on the pair AUD/USD is increasing amid the rapid spread of the Delta coronavirus strain in Australia and the strengthening of the US dollar after the publication of inflation data in the USA.

  • Investors remain concerned about the epidemiological situation in the country. Victoria state was locked down for five days on Thursday following a spike in COVID-19 infections. Market concerns about the spread of the coronavirus are supporting the US dollar and weakening other currencies.
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