Australian PM Morrison announces AUD 2.4 bln health package to combat coronavirus – Reuters

Ross J Burland FXStreet

Reuters reports that Australian PM Morrison has announced an AUD 2.4 bln health package to combat coronavirus.

Morrison says travel ban extended to Italy from 6 pm Australian time on Wednesday.

FX implications

AUD/USD has been under pressure following yesterday's disappointing NAB business survey along with a comeback in the US dollar. Despite stimulus from the government, the reserve bank of Australia is expected by a 100% chance to cut rates on 7th April which is likely to continue to weigh on AUD.

AUD/USD: Under pressure around 0.6500 amid

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

USD/JPY keeps range above 160.00 after BoJ's rate hike

USD/JPY holds losses and maintains its range above 160.00 on Tuesday, following the release of the Bank of Japan monetary policy decision. The BoJ hiked the key rate by 25 bps to 1% as widely, providing little to no impetus to the Japanese Yen. The focus is now on the BoJ' Uchida's press conference.

AUD/USD holds lower ground near 0.7050 after RBA's expected pause

AUD/USD shows little reaction to the Reserve Bank of Australia's (RBA) expected decision to pause its rate hike cycle, remaining close to intraday lows near 0.7050 on Tuesday. The pair now looks forward to RBA Governor Bullock's press conference for further policy cues.

$4,400: Gold sellers set to retain control whilst below this level; focus shifts to Fed

Gold holds a pullback from six-day highs of $4,369 as buyers take a breather early Tuesday. The US Dollar looks to fill Monday’s bearish opening gap as markets temper Iran deal optimism. Technically, Gold remains exposed to downside risks whilst below the 21-day SMA near $4,400.

Bitcoin weighs BOJ rate hike to 1%, Uniswap and LayerZero sustain

Bitcoin is holding above $65,000 at press time on Tuesday as the Bank of Japan (BOJ) raises its interest rate to 1%, shifting focus away from the US-Iran peace agreement. Uniswap (UNI) and LayerZero edge lower on Tuesday but outpace the broader market over the last 24 hours as the retail sentiment recovers.

Kevin Warsh opens first Fed meeting June 16 with rate hold expected

Kevin Warsh was confirmed by the Senate in a 54-45 vote and sworn in as Federal Reserve Chair on 22 May 2026. The ceremony took place at the White House, with Supreme Court Justice Clarence Thomas administering the oath. The FOMC meeting on 16 and 17 June is his first as chair. The June meeting is also a quarterly projection meeting.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.