Australian Treasurer Josh Frydenberg crosses wires, via SkyNews, during the early Thursday morning in the Asia-Pacific region. The diplomat defied calls of increase in the Goods and Services Tax (GST), currently at 10.00%. Market implications With the Australian tax system putting GST as the Value Added Tax (VAT), the news should have ideally helped the AUD/USD pair. However, no major reaction could be found as the quote takes around to 0.6915 as we write. The reason could be traced from the market’s wait for the Aussie trade balance as well as a lack of major data and fears of the coronavirus (COVID-19) outbreak in the US. 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 Price Analysis: The pair meets some strong resistance at 1.37 FX Street 3 years Australian Treasurer Josh Frydenberg crosses wires, via SkyNews, during the early Thursday morning in the Asia-Pacific region. The diplomat defied calls of increase in the Goods and Services Tax (GST), currently at 10.00%. Market implications With the Australian tax system putting GST as the Value Added Tax (VAT), the news should have ideally helped the AUD/USD pair. However, no major reaction could be found as the quote takes around to 0.6915 as we write. The reason could be traced from the market’s wait for the Aussie trade balance as well as a lack of major data and fears of the… 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.
