In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “wholesale changes” to its coronavirus wage subsidy scheme. Key quotes “What it means is that the country will be borrowing A$60 billion less than otherwise would have occurred.” “There were no underpayments or overpayments.” “It was “inherently difficult” to forecast accurately the number of people who could become eligible for the wage subsidy programme.“ On Friday, Australia “halved the number of people expected to be covered by the wage subsidy scheme, after earlier putting the total cost at A$130 billion ($85 billion) to subsidize the pay of about 6 million people until September,” as cited by Reuters. AUD/USD rejected at 0.6550 Having faced rejection at 0.6550, AUD/USD consolidates the recovery around 0.6530 so far this Monday, as light trading and looming US-China tensions keep the bulls unnerved. 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 USD/CAD: Investors don’t abandon the US Dollar and send the loonie back to pre-pandemic levels FX Street 3 years In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “wholesale changes” to its coronavirus wage subsidy scheme. Key quotes “What it means is that the country will be borrowing A$60 billion less than otherwise would have occurred.” “There were no underpayments or overpayments.” “It was “inherently difficult” to forecast accurately the number of people who could become eligible for the wage subsidy programme.“ On Friday, Australia “halved the number of people expected to be covered by the wage subsidy scheme, after earlier putting the total cost… 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.
