The AUD/USD was seen to extend the previous losses while declining from 0.7168 to 0.7150. It was seen to touch the 12 month high at 0.7269 but came down to open at 0.7160 this morning - dip is due to strong US PMI Data. In a better news from Victoria, 116 new coronavirus cases and 15 deaths were reported in the past 24 hours, which was the lowest in 7 weeks, as per a report from Reuters.
Stay tuned for the talks from Jackson Hole Economic Policy Symposium later on this week as well as the Australian Bureau of Statistics figures on constructions work and private capital expenditure on Wednesday and Thursday respectively.
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