Aust PM (Scott Morrison) has released a rather grim stats about the new restrictions on Victoria – saying that Victoria’s stage 4 lockdown would reduce the size of the economy in the Sept quarter by between $7 billion to $9 billion. Furthermore, unemployment is expected to peak at about 10%. But he is urging Australians to stick together and to remain upbeat – as he believes that they will get through it. The AUD/USD was seen to slip below 0.7200 at this dovish speech.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now