The Aussie dollar’s slide of 0.65% left it at its 12-month low of $0.7093 whereas the Japanese yen – traditionally viewed as safe harbour due to its role as a funding currency – was nearing its highest level of the month at 112.95 yen.
“Additional targeted and regional restrictions, rather than blanket lockdowns,” will see “a cumulative economic hit over Q4 and Q1 of about 0.4% of GDP in the euro area, and 0.2% of GDP in the UK,” they added.
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