Speaking at the Australian Financial Review (AFR) conference in Sydney on Tuesday, Australian PM Morrison the government is on its way to announce a package to stimulate an economy battered by the negative impact of the coronavirus outbreak. Key quotes “Our objective is this – keep people in jobs, keep businesses in business, and ensure we bounce back stronger on the other side.” “We must favor measures that will lift productivity to enable the Australian economy to sustain an even stronger growth trajectory than we were on prior to the crisis.” “We need you to support your workers by keeping them employed. Whenever possible, support them. Full-time, part-time, casual, including with paid leave if they need to take time off during the course of the virus.” Earlier today he said that the coronavirus impact on Australia may be greater than the global financial crisis (GFC). AUD/USD remains pressured AUD/USD extends losses towards 0.6550 amid downbeat NAB Business Survey, Chinese PPI figures and risk-off action in the Asian equities. Broad-based US dollar rebound alongside the US Treasury yields appears to further weigh down on the Aussie. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD reports losses as Asian equities remain risk averse FX Street 2 years Speaking at the Australian Financial Review (AFR) conference in Sydney on Tuesday, Australian PM Morrison the government is on its way to announce a package to stimulate an economy battered by the negative impact of the coronavirus outbreak. Key quotes “Our objective is this - keep people in jobs, keep businesses in business, and ensure we bounce back stronger on the other side.” “We must favor measures that will lift productivity to enable the Australian economy to sustain an even stronger growth trajectory than we were on prior to the crisis.” “We need you to support your workers by keeping them employed. Whenever possible, support them. Full-time, part-time, casual, including with paid leave if they need to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
