Market Sentiment Turns Gloomy After Australia Reports 1 thousand COVID-19 Cases, Safe-Haven Currency Strengthens, While High-Beta Currency Declines
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MARKET RECAP
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1️⃣ Asian Stock Markets closed lower after Australia reported more than 1 thousand COVID-19 cases.

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FOREX RECAP
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1️⃣ USD surged after U.S. Durable Goods Orders rose above market forecasts, triggering the strength of U.S. Treasury yields.

2️⃣ AUD/NZD: As high-beta currencies, both AUD and NZD are under pressure from negative sentiment. Market sentiment turned negative after Australia reported more than 1 thousand cases of infection.

3️⃣ JPY/CHF: Safe-haven currencies benefitted from the risk-off sentiment.

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COMMODITIES RECAP
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1️⃣ Crude oil prices fell slightly on Thursday amid concerns about stock demand following additional restrictions in several countries.

2️⃣ Gold traded below the $ 1,800 level, amid a strengthening US dollar.

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Economic Data Focus On Today
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1️⃣ US 2nd Estimate GDP for Q2 (20:30 Malaysia Time) — No Prediction — No prediction on the data.