The NZ Government announced a NZ$12.1b fiscal package to address the negative impact of the coronavirus. Market’s initial reaction was to bid the NZD, but is unchanged on the session, economists at TD Securities inform. Key quotes “The NZ Government has announced a bold NZ$12.1b fiscal package to cushion the economy from the negative impacts of the coronavirus. It is equivalent to 4% of GDP, and tips the government borrowing above its self-imposed 25% of GDP limit.” “The NZD is slightly firmer but the initial budget response was to bid the NZD, in turn driving AUD/NZD to just shy of 1.0050. The AUD/NZD is now back at levels prior to the fiscal announcement around 1.0110.” 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 Australia: 0.25% reduction in the cash rate expected – Westpac FX Street 2 years The NZ Government announced a NZ$12.1b fiscal package to address the negative impact of the coronavirus. Market's initial reaction was to bid the NZD, but is unchanged on the session, economists at TD Securities inform. Key quotes “The NZ Government has announced a bold NZ$12.1b fiscal package to cushion the economy from the negative impacts of the coronavirus. It is equivalent to 4% of GDP, and tips the government borrowing above its self-imposed 25% of GDP limit.” “The NZD is slightly firmer but the initial budget response was to bid the NZD, in turn driving AUD/NZD to just shy of… 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.
