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Australian Treasurer Frydenberg: Working on targeted series of fiscal measures

The government is working on targeted series of fiscal measures, said Australian Treasurer Josh Frydenberg on Wednesday.

Additional comments:

Coronavirus a substantial risk to the economy.

Treasury about to finalise estimate of virus impact on economy in Q1.

Treasury to detail estimate of virus impact on Thursday.

Business investment allowance under serious consideration.

AUD/USD strongly bid

The AUD/USD pair trades with moderate gains around 0.6600, having hit a daily high at 0.6615 on the upbeat Australian Q4 GDP data.

EUR/USD Price Analysis: Risks pullback after four-day winning run

EUR/USD closed out in green for the fourth straight day on Tuesday, confirming the longest daily winning run since the end of December. Back then, the
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NZ PM Arden: Coronavirus outbreak impact significant but not necessarily long-term

New Zealand (NZ) PM Arden is on the wires now, via Reuters, noting that the coronavirus outbreak impact is significant but not necessarily long-term.
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