Aust PM (Scott Morrison) has released a rather grim stats about the new restrictions on Victoria – saying that Victoria’s stage 4 lockdown would reduce the size of the economy in the Sept quarter by between $7 billion to $9 billion. Furthermore, unemployment is expected to peak at about 10%. But he is urging Australians to stick together and to remain upbeat – as he believes that they will get through it. The AUD/USD was seen to slip below 0.7200 at this dovish speech.
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