Victoria to report more than 700 new virus cases, a number that the Herald Sun has reported as being 725.
Meanwhile, Queensland is shutting its border to the rest of the east coast from 1am August 8.
Victoria is already barred.
From Saturday, no one will be able to enter Queensland if they are from NSW or the ACT.
The border closure will be reviewed at the end of the month.
Market implications
This is not good news for the Aussie which is forming a RHS of a bearish daily head and shoulders this week, as pointed out in the Chart of the Week at the open on Monday:
-637321842909018714.png)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD flubs key technical levels and backslides once again
EUR/USD turned tail and swooned against the Greenback on Tuesday, shedding four-tenths of one percent after a failed recovery of the 1.0400 handle fizzled out completely. The pair is still trading up from last week’s 26-month low, but not by much.
GBP/USD snaps two-day win streak as risk appetite stumbles
GBP/USD caught a mild bid early on Tuesday before turning south once again and shedding roughly one-third of one percent to end the day on the low side of the 1.2500 handle.
Gold holds on to modest gains amid a souring mood
Spot Gold lost its bullish traction and retreated toward the $2,650 area following the release of encouraging US macroeconomic figures. Jumping US Treasury yields further support the US Dollar in the near term.
Aave V3 taps Aptos blockchain for first non-EVM integration
AAVE declined nearly 10% on Tuesday despite deploying its V3 software on the Aptos testnet, marking its first-ever non-Ethereum Virtual Machine integration.
Five fundamentals for the week: Nonfarm Payrolls to keep traders on edge in first full week of 2025 Premium
Did the US economy enjoy a strong finish to 2024? That is the question in the first full week of trading in 2025. The all-important NFP stand out, but a look at the Federal Reserve and the Chinese economy is also of interest.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.