Australian PM Morrison: 15 Australian cases of coronavirus linked to Wuhan have now been treated

Dhwani Mehta FXStreet

Australian Prime Minister (PM) Scott Morrison was on the wires in the last minutes, via Reuters, noting that all of the 15 Australian cases of coronavirus linked to Wuhan have now been treated and patients discharged.

He said that the seven cases from the Diamond Princess remain, but all are considered mild.

"This is not like a global financial crisis. This is a global health crisis," Morrison added.

Australian Treasurer Frydenberg also spoke alongside, citing that the "economic impacts have been significant."

Earlier today, a survey showed that about 17% of the Australian business surveyed have been already affected by the coronavirus outbreak.

1 in 6 Australian businesses already affected by coronavirus – Survey

Meanwhile, AUD/USD is seen attempting a corrective bounce on the 0.66 handle, as the bulls still struggle to close Monday’s bearish opening gap.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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