Markets are mixed on geopolitical concerns with the only constant being weak stock markets, a strong US Dollar, and a weak Japanese Yen.
The yen is a popular asset during turbulent times.
There will be a release of Australian Monetary Policy Meeting Minutes later today, which will be watched closely by Australian Dollar traders.Daily new coronavirus cases globally rose last week for the first time since January, suggesting that the omicron variant wave is not ready to disappear yet.It is estimated that 63.5% of the world’s population has received at least one dose of a coronavirus vaccination.Total confirmed new coronavirus cases worldwide stand at over 458.5 million with an average case fatality rate of 1.32%.The rate of new coronavirus infections appears to now be increasing only in Australia, Austria, Finland, Greece, South Korea, Malaysia, New Zealand, Tonga, Tunisia, the UK, Vanuatu, and Vietnam.
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