Australia Banking Association Chief Anna Bligh announced on Friday, they would defer loan repayments for six months for small businesses impacted by the coronavirus in an A$100 billion ($57.34 billion) relief package, as cited by Reuters. Key quotes These are extraordinary times. Australia’s banking system was among the strongest and the most stable in the world. And they (banks) stand ready, open for business, open to lend to those businesses that may need that. Moody’s: Australia’s coordinated coronavirus response for banks is credit positive Australian Treasurer Frydenberg: Financial system remains strong AUD/USD reaction AUD/USD is consolidating the sharp recovery above 0.5800 despite PBOC’s reluctance to cut rates. Record Fed balance sheet, signs of risk recovery and broad US dollar correction from three-year high is boding well for 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 GBP/USD regains 1.1650 amid hopes of further stimulus, US dollar retreat FX Street 2 years Australia Banking Association Chief Anna Bligh announced on Friday, they would defer loan repayments for six months for small businesses impacted by the coronavirus in an A$100 billion ($57.34 billion) relief package, as cited by Reuters. Key quotes These are extraordinary times. Australia’s banking system was among the strongest and the most stable in the world. And they (banks) stand ready, open for business, open to lend to those businesses that may need that. Moody's: Australia's coordinated coronavirus response for banks is credit positive Australian Treasurer Frydenberg: Financial system remains strong AUD/USD reaction AUD/USD is consolidating the sharp recovery above… 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.
