Coronavirus outbreak and the resulting travel restrictions will negatively hit banks’ asset quality and is a credit negative development for Australian banks, ratings agency Moody’s said on Friday. Meanwhile, Reserve Bank of Australia’s governor Lowe was out on the wires earlier today stating that the negative impact of coronavirus on the Australian economy could be bigger than that of SARS outbreak of 2002-2003. As per latest reports, the death toll and the number of infections continue to climb in China. Nationwide, more than 70 new deaths and 3,100 new cases emerged in the previous 24 hours, the national health authorities said Friday morning, according to The New York Times. 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 Tron Price Analysis: TRX/USD focus on $0.0240 hurdle, Justin Sun celebrates new milestones FX Street 2 years Coronavirus outbreak and the resulting travel restrictions will negatively hit banks' asset quality and is a credit negative development for Australian banks, ratings agency Moody's said on Friday. Meanwhile, Reserve Bank of Australia's governor Lowe was out on the wires earlier today stating that the negative impact of coronavirus on the Australian economy could be bigger than that of SARS outbreak of 2002-2003. As per latest reports, the death toll and the number of infections continue to climb in China. Nationwide, more than 70 new deaths and 3,100 new cases emerged in the previous 24 hours, the national health authorities… 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.
