Aussie Dollar Slide May Resume on PMI Contraction, Extended Lockdowns


Sumary of Aussie Dollar Slide May Resume on PMI Contraction, Extended Lockdowns:

  • June’s weak retail sales figure highlights the ill effect lockdowns have on consumption.
  • Hong Kong’s Hang Seng Index (HSI) remains lower on the week after regulatory fears drove mainland outflows.
  • A rise in weekly US crude oil inventories surprised analysts, but gasoline and other fuel products fell, which supports the rising demand outlook.

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