OctaFX | OctaFX Forex Broker
Open trading account

Australian PM Morrison considers ‘Rudd era’ cash handouts to mitigate coronavirus economic fallout – Sky News

Australian Prime Minister (PM) Scott Morrison revealed on Monday, his government is considering a Kevin Rudd-style cash handout as part of its multi-billion-dollar coronavirus stimulus package.

Additional points

“The Coalition will also consider dishing out hundreds of millions in cash to small businesses – most likely those with a turnover of $50 million or less - in wage subsidies to keep the economy going and attempt to keep people in jobs.

Also on the table are business tax incentives, including potentially increasing the asset write-off under which businesses with a turnover of between $10 million and $50 million are able to claim the full amount of a capital cost – like buying a van or a trailer – up to $30,000. That write-off could be increased to $50,000 for example.”

EUR/USD hits 14-month high as entire US yield curve drops below 1%

EUR/USD jumped to 14-month highs in Asia as heightened risk aversion strengthened the demand for treasuries and pushed the entire yield curve below 1%
Read more Previous

USD/INR slips from 17-month high to sub-74.00 amid coronavirus carnage

With the coronavirus (COVID-19) updates keep fueling the risk-aversion, USD/INR surges to 17-month high beyond 74.00, currently down 0.20% near 73.98,
Read more Next
Start livechat