The Secretary of the Department of the Treasury, Dr Steven Kennedy, says the Australian economy is expected to fall 7% in Q2 of 2020. Key notes Road to recovery will be long and unpredictable – Household saving ratio expected to by 20% in Q2 Wll support households over coming quarters. The statements are nothing new that markets have not already factored in ahead of next weeks Reser Bank of Australia meeting. Traders are more inclined to monitor the value of the Aussie. Governor, Philip Lowe last stated that “you can’t at the moment make the case [the Australian dollar]is misaligned” in his speech to the Anika Foundation. Traders quickly took that signal to mark the AUD sharply higher. Next week is the RBA, so the value of the currency will be a keen subject to watch out for, especially considering how low the greenback has dropped since Lowe’s comments. 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 Price Analysis: Consolidates gains below 1.3000 FX Street 3 years The Secretary of the Department of the Treasury, Dr Steven Kennedy, says the Australian economy is expected to fall 7% in Q2 of 2020. Key notes Road to recovery will be long and unpredictable - Household saving ratio expected to by 20% in Q2 Wll support households over coming quarters. The statements are nothing new that markets have not already factored in ahead of next weeks Reser Bank of Australia meeting. Traders are more inclined to monitor the value of the Aussie. Governor, Philip Lowe last stated that “you can't at the moment make the case [the Australian dollar] is misaligned” in… 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.
