Long

AUDUSD Probabilities Area Of Interest

Updated

China to allow in U.S. health experts as the virus shows no sign of slowing. Coronavirus confirmed cases at 20,438; fatalities at 426. RBA kept interest rates on hold at 0.75% as expected. RBA: Signs that global growth slowdown is coming to an end, bushfires, and coronavirus to pose short-term threats only.

Note

China is trying to patent an experimental anti-coronavirus drug
Gilead's drug is not licensed or approved anywhere in the world but is being rushed into human trials in China.

Note

China has applied for a new patent on an experimental Gilead Sciences Inc. drug that its scientists believe might fight the coronavirus.

Note

- AUD downside gathers steam as RBA cut GDP forecasts.
- The central bank expects the jobless rate to remain at 5.1% till December 2020.
- Policy to remain accommodative for some time and more easing may be required if the jobless rate rises, the SoMP said.

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