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HomeSavings & Money NewsAustralian dollar is feeling the pressure

Australian dollar is feeling the pressure

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CANBERRA (CU)_As Many economies across the globe began to recover from the effects of the COVID-19 pandemic, so was Australia, until activity was sapped by new lockdowns in Victoria, New South Wales and South Australia. Once again, there is increasing fear that global growth could be stalled as the delta variant of the Coronavirus continues to make its way through the US, Europe and the UK. These circumstances are having a noteworthy effect on the Australian dollar, a currency which is known to be sensitive to global growth expectations. 

On Tuesday (20 July) tumbled to a low of…

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