7/30/2021 3:40:39 PM GMT The Fed smashed the greenback but the aussie could not take advantage of it. The Reserve Bank of Australia will announce its decision on monetary policy on Tuesday. AUD/USD maintains a bearish stance amid concerns about the Australian economy. The broad dollar’s weakness fell short of helping AUD/USD. The pair ended the week pretty much unchanged, trading below the 0.7400 level. The Australian could not advance with the usual catalysts but retreated rapidly with those that weigh on the aussie, reflecting the absence of interest for the commodity-linked currency. Coronavirus spooking aussie buyers The main reason is still linked to the pandemic. Australia passed 2020 without much economic pain, as the island country quickly closed its borders. However, such a strategy could not be applied eternally, and the country opened borders with neighbour New Zealand after a year. The virus entered the country, and since early June, multiple regional lockdowns have been in place, although the coronavirus keeps spreading.