Other comments come across the sons of the Reserve Bank of Australia (RBA) governor, Phillip Lowe, as he continues to speak to a panel at FINSIA’s “The Regulators” webinar.
“Without a medical breakthrough with COVID-19, the economic recovery will be slow.”
“Confidence is very fragile, restoring it is key.”
“It is not appropriate to tighten monetary policy until we have robust growth.”
“No change in thinking about negative interest rates, still” extraordinarily “unlikely.”
AUD / USD maintains losses
The AUD / USD holds lower ground near 0.6555 following the accommodating comments of the governor of the RBA Lowe and the broad rebound of the dollar. The downward trend remains intact as trade tensions between Australia, China and the United States and the United States and China increase and cases of COVID-19 around the world weigh.