Australian PM Morrison: Temporary coronavirus job support programs will expire end-March

Dhwani Mehta FXStreet

The Australian Prime Minister (PM) Scott Morrison confirmed Tuesday that the jobs support program implemented amidst the coronavirus crisis will expire end-March.

PM Morrison added that the unemployment benefit will be increased by $50/fortnight. He said that there will be no extension to the job support program.

According to reports, Australia's federal government is planning to make an extra $25 payment permanent.

AUD/USD at multi-year highs

AUD/USD hits fresh three-highs at 0.7935 as the reflation trade picks update while a new commodities supercycle kicks off, with copper prices climbing to the highest levels since 2011.

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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