News and Market Analysis

The Bears are Back

With the greenback recovering amid rumors of another Corona wave along with the global economic downfall, the Aussie breaks its upward momentum and gives the bears a moment to breath. Falling below 0.6800 from a high of 0.6923, the situation seems bleak for the currency. With the China/US trade dispute and Australia having its own conflict with China, the medium term outlook has the bears sipping fish cocktails and the bulls running through a maze of uncertainty.