GlobalFoundries Plans to Build New Fab in Upstate New York in Private-Public Partnership to Support U S Semiconductor Manufacturing
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GloFo to add 150wpm and build new fab at Malta NY site
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7/20/2021 4:49:18 AM GMT | By Anil Panchal
AUD/USD remains pressured during four-day downtrend.
Australia witnesses more local lockdowns, bond moves add to USD strength.
RBA, PBOC couldn’t placate bears, risk catalysts are the key.
AUD/USD drops to a fresh low since November 2020, before recently bouncing off, down 0.30% around 0.7317, ahead of Tuesday’s European session. The risk barometer earlier paused near the yearly low as sellers awaited more clues following dull RBA minutes and the PBOC inaction. However, the US dollar strength and the Delta covid variant fears recently dragged the quote.
The USDollar Index (DXY) picks up bids to 92.88, up 0.06% during the four-day uptrend, near a three-month high by the press time. In addition to the virus woes, pause in the US Treasury yields’ consolidation near February lows seems to favor the DXY bulls of late.
GlobalFoundries Announces Further Expansion in Saratoga County
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