The Australian Dollar remains near its yearly lows as Covid cases increase in Australia, prompting extended lockdown concerns. China is set to report its June trade balance.

The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.

Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.

The New Zealand Dollar is aiming higher against the US Dollar. Positive job ads for June is helping lift sentiment, though markets remain wary over the spreading Delta Covid variant.

The Australian Dollar continues to show weakness versus the US Dollar as the Delta Covid variant drags on sentiment as Sydney’s lockdown continues. Recent dovish comments from the RBA may pressure …