Early Thursday morning in Asia, The Guardian came out with the news spotting comments from the Australian Treasury Secretary Steven Kennedy. Key quotes We have undertaken a preliminary assessment of what the impact of COVID-19 might be in the March quarter, and at this stage, we expect the virus to detract at least a half of a percentage point from growth in the March quarter 2020. Treasury Secretary Steven Kennedy has updated Parliament on the economic impact of the coronavirus and the summer bushfires, saying the combined hit will be to see 0.7% slashed from economic growth in the first three months of the year. FX implications Following the news, the market’s risk-tone remain mostly upbeat, as portrayed by the USD/JPY pair’s positive stand around 107.60, but the AUD/USD weakens mildly to 0.6620. 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 Fed’s Bullard: A barrier to cutting rates again in March is the action just taken FX Street 3 years Early Thursday morning in Asia, The Guardian came out with the news spotting comments from the Australian Treasury Secretary Steven Kennedy. Key quotes We have undertaken a preliminary assessment of what the impact of COVID-19 might be in the March quarter, and at this stage, we expect the virus to detract at least a half of a percentage point from growth in the March quarter 2020. Treasury Secretary Steven Kennedy has updated Parliament on the economic impact of the coronavirus and the summer bushfires, saying the combined hit will be to see 0.7% slashed from economic growth in the first three months… 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.
