Australian PM Morrison: National Cabinet attention is turning to road out to post-coronavirus recovery
|Reuters reports the key comments from the Australian Prime Minister Scott Morrison, as he says that the National Cabinet's attention is turning to road out to recovery.
Additional comments
RBA governor and Treasury briefed the national Cabinet today.
Need to be prepared for very sobering economic news in the months ahead.
Need broader testing regime to lift restrictions.
Need to improve tracing capability to an industrial capacity.
We will be reviewing restrictions in the next four weeks.
Social distancing restrictions to remain in place.
Looking to have a trial week of parliament in May.
Not contemplating border regulation changes with New Zealand.
AUD/USD reaction
AUD/USD is consolidating its drop to five-week lows of 0.6265 in early Europe, as the bears take a breather amid broad dollar weakness and ahead of key US macro data.
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