Australian Treasurer Frydenberg: Australia will not bow to economic coercion

Anil Panchal FXStreet

Australian Treasurer Josh Frydenberg recently crossed wires, via SkyNews, while suggesting a firm stand on the Aussie PM Scott Morisson’s earlier support to call a global inquiry into the origins and propagation of COVID-19.

Key quotes

Australia will not bow to economic coercion.

FX implications

Despite the news being not so Aussie friendly, due to its reliance on China, AUD/USD ticked up from 0.6486 to 0.6492 following the news.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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