OctaFX | OctaFX Forex Broker
Open trading account

Australia PM Morrison: Will announce stimulus package soon to battle coronavirus outbreak

Speaking at the Australian Financial Review (AFR) conference in Sydney on Tuesday, Australian PM Morrison the government is on its way to announce a package to stimulate an economy battered by the negative impact of the coronavirus outbreak.

Key quotes

“Our objective is this - keep people in jobs, keep businesses in business, and ensure we bounce back stronger on the other side.”

“We must favor measures that will lift productivity to enable the Australian economy to sustain an even stronger growth trajectory than we were on prior to the crisis.”

“We need you to support your workers by keeping them employed. Whenever possible, support them. Full-time, part-time, casual, including with paid leave if they need to take time off during the course of the virus.”

Earlier today he said that the coronavirus impact on Australia may be greater than the global financial crisis (GFC).

Gold Price Forecast: Monday's spinning top suggests buyer exhaustion

Gold printed a seven-year high of $1,703 on Monday but closed the day with a spinning top candle, signaling buyer indecision in the market. A bearish
Read more Previous

NZD/USD reports losses as Asian equities remain risk averse

NZD/USD is flashing red amid risk-off tone in Asian equities. The currency pair is currently trading at 0.6315, representing a 0.30% loss on the day,
Read more Next
Start livechat