Australian Treasurer Frydenberg: Working on targeted series of fiscal measures

Dhwani Mehta FXStreet

The government is working on targeted series of fiscal measures, said Australian Treasurer Josh Frydenberg on Wednesday.

Additional comments:

Coronavirus a substantial risk to the economy.

Treasury about to finalise estimate of virus impact on economy in Q1.

Treasury to detail estimate of virus impact on Thursday.

Business investment allowance under serious consideration.

AUD/USD strongly bid

The AUD/USD pair trades with moderate gains around 0.6600, having hit a daily high at 0.6615 on the upbeat Australian Q4 GDP data.

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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