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Unseasonal cold blast brings spring snow to Australia's alpine regions
Snow fell across parts of New South Wales, Victoria and Tasmania over the weekend as an unseasonal cold blast swept through Australia's south-east. Thredbo, Perisher and Mount Hotham all recorded snowfall on Saturday and Sunday. Snow also fell on Kunanyi/Mount Wellington near Hobart. Forecasters say warmer temperatures and thunderstorms are on the way.
📊 What it means for markets
Local weather events like this usually have little direct effect on gold, oil, USD, EUR, stocks or crypto. Any economic impact would likely be limited to regional tourism and ski resort operators.
Source: The Guardian
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