The Reserve Bank of Australia said it has added A$10.7 bln to the banking system through repos. Meanwhile, the markets are pricing over 100% chance of a 25bp cut in the near term, and a terminal rate of 0.15% (RBA cash rate currently at 0.50%). Earlier, the Australian PM Scott Morrison declared the human biosecurity emergency in the nation and upgraded travel ban to Level 4 across the world, recommending no travel anywhere outside the national boundaries. FX implications As far as the Aussie goes, it broke below the 0.60 handle and there is further downside to come should he US dollar continues to pick up a safe haven bid. ” It is very possible that risk appetite will only start recovering when infection and mortality rates from the coronavirus start to peak across the US and Europe. We have revised lower our 3-month AUD/USD forecast to 0.55,” analysts at Rabobank argued. 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 Reuters Corporate Survey: 47% of Japan firms say virus impact has hampered supply chain FX Street 2 years The Reserve Bank of Australia said it has added A$10.7 bln to the banking system through repos. Meanwhile, the markets are pricing over 100% chance of a 25bp cut in the near term, and a terminal rate of 0.15% (RBA cash rate currently at 0.50%). Earlier, the Australian PM Scott Morrison declared the human biosecurity emergency in the nation and upgraded travel ban to Level 4 across the world, recommending no travel anywhere outside the national boundaries. FX implications As far as the Aussie goes, it broke below the 0.60 handle and there is further downside to come should he US dollar continues to pick up a safe haven bid.… 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.
