Australian PM Morrison: To tighten enforcement on self-isolation for citizens returning from overseas

Dhwani Mehta FXStreet

Australian PM Scott Morrison said on Friday that the government will tighten enforcement on self-isolation for citizens returning from overseas.

Further comments

States, territories to quarantine all arrivals in hotels.

To deploy defense forces to support states, territories in enforcing self-isolation.

States, territories to pursue their own arrangements on schools.

Government is preparing a 3rd tranche of economic aid.

To have more details in coming days.

AUD/USD reaction

Having regained the 0.61 handle for the first time in seven days, AUD/USD holds 1% gains so far this Friday, as the bulls test multi-day highs at 0.6127 reached in the last minutes.

Broad US dollar sell-off, RBA’s liquidity injections and Australia’s stringent efforts to contain the virus spread seem to lend support to the major.

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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