Victoria has recorded five new deaths from coronavirus, and 403 new cases

The Guardian reports that Victoria has recorded five new deaths from coronavirus and 403 new cases.

Victorian premier Daniel Andrews says Victoria has recorded 403 new cases overnight and five new deaths.

Four of the people who died were in aged care.

Analysts at BNZ warn of the risks for AUD, forecasting a drop in AUD/NZD:

• Traders will be wary of taking the cross higher against a backdrop of the COVID19 outbreak in Victoria, as it risks spreading to NSW.
•  The daily increase in new cases for Australia blasted through 500.
• The state of Victoria continues to show a disturbing outbreak, making up the bulk of new cases. News that 90% of those with symptoms were not self-isolating suggests that the trend is likely to rise further. 
• NSW is showing an uptick in case numbers, with links to the outbreak in Victoria.
• The risk of state governments imposing more economically-restraining restrictions remains very real.

• Australian finance minister: Backdrop of an economic and fiscal outlook remains highly uncertain

• Australia Forecasts 2020-2021 Jobless Rate of 8.75%