Australian PM Morrison: Financial markets are fragile but remain functional

Dhwani Mehta FXStreet

Financial markets are fragile but remain functional, Australian Prime Minister (PM) Scott Morrison said while speaking to reported on Friday.

Additional quotes

“Withdrawals from super not creating liquidity issues.”

“Debt raisings show markets see Australia as a good bet in uncertain times.”

AUD/USD on the back foot

AUD/USD trades on the back foot around mid-0.64s, undermined by renewed coronavirus fears and mixed Chinese macro data. The aussie dollar pays little heed to the above remarks.

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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