Aussie PM Morrison: New border rules would come into place on February 21

“Almost two years after the government closed Australia to the world, the international border is set to reopen to those who are fully vaccinated,” said Australia Prime Minister (PM) Scott Morrison on early Monday in Europe, per ABC News.

Key quotes

The condition is you must be double vaccinated to come to Australia.

That's the rule. Everyone is expected to abide by it.

The government's definition was that people need to have a full course of a vaccine, which in most cases is two doses but for some international vaccines is only one, to be considered vaccinated.

I think events earlier in the year should have sent a very clear message to everyone around the world that (that) is the requirement to enter into Australia.

There are a lot tourism operators in city centers and the regions that have been doing it really tough over the past couple of years and this will see more tourists come to their town, spend money and get local economies going again.

AUD/USD refreshes intraday high

The aforementioned upbeat news from Australia seems to have joined the positive performance of Chinese equities to propel AUD/USD towards a fresh intraday top.

Read: AUD/USD Price Analysis: Corrective pullback battles 200-HMA but bears stay hopeful