Australian dollar falls on global lockdown fears

Economies.com
2021-11-26 16:28PM UTC

The Australian dollar fell against most of its peers on Friday, despite the release of upbeat economic data, amid concerns over the return of travel restrictions and global closures.

 

Concerns increased around the world after a new Covid-19 variant emerged called "Botswana", as it first appeared in the African country.

 

Scientists said that the new variant has 32 mutations in the spike protein.

 

Accordingly, this would help it escape more easily from the human immune system and spread quickly.

 

Data showed today that the Australian retail sales index rose 4.9% during October, beating forecasts of 2.2%.

 

As of 16:27 GMT, AUD/USD fell 1% to 0.7118, after hitting a high of 0.7199 and a low of 0.7112.

Forex and Currency News

Forex News

Forex

Dollar gives up two-week high ahead of Fed's minutes
2024-03-18 12:48PM UTC
Dollar fell in European trade on Monday against a basket of major rivals, giving up two-week highs ...
EUR/USD news

Forex

Euro rises cautiously amid a bearish outlook
2024-03-18 08:14AM UTC
Euro rose mildly in European trade on Monday against a basket of major rivals, extending recovery ...
USD/JPY news

Forex

Yen sharpens decline to two-week trough as the BoJ meeting commences
2024-03-18 05:47AM UTC
Yen declined in European trade on Monday against a basket of major rivals, extending gains against ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price resumes the rise – Forecast today - 19-03-2024
2024-03-19 02:24AM UTC
The USDCHF pair provided clear positive trades yesterday to move away from the bullish ...
NZD USD Analysis

Forex

The NZDUSD price presses on the support – Forecast today - 19-03-2024
2024-03-19 02:24AM UTC
The NZDUSD price couldn’t manage to continue the rise, to decline again and start pressing on ...
AUD USD Analysis

Forex

The AUDUSD price declines calmly – Forecast today - 19-03-2024
2024-03-19 02:24AM UTC
The AUDUSD price shows calm negative trades to move away gradually from 0.6570 level, which ...