Reserve Bank of Australia Governor Phillip Lowe is appearing before the Senate Select Committee on COVID-19 (linked attached). Key comments It is possible economic downturn will not be as severe as feared Much will depend on whether confidence can be restored. Confident that the inflation target band will be met of 2-3%, but it will be some time away. Some pick up in employment in industries most affected by the shutdown – that’s good news. We could see weakness in construction and professional sevices. More to come… 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 AUD/JPY ticks higher as RBA’s Lowe says March package working as expected FX Street 3 years Reserve Bank of Australia Governor Phillip Lowe is appearing before the Senate Select Committee on COVID-19 (linked attached). Key comments It is possible economic downturn will not be as severe as feared Much will depend on whether confidence can be restored. Confident that the inflation target band will be met of 2-3%, but it will be some time away. Some pick up in employment in industries most affected by the shutdown - that's good news. We could see weakness in construction and professional sevices. More to come... 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.
