Australian PM Morrison announces to lift restrictions on elective surgery

Dhwani Mehta FXStreet

Australian Prime Minister (PM) Scott Morrison announced on Tuesday to lift restrictions on elective surgery.

He added that this marks another step on the road back from the lockdown.

Additional comments

Has processed 517,000 jobseeker claims since March 16.

Stimulus payments of $4.5 billion paid to just under 6 million Australians.

Important to have inquiry into outbreak of coronavirus in China.

Have already reached the turning point for coronavirus in Australia.

No plans to change current travel restrictions.

AUD/USD reaction

AUD/USD is unaffected by the above announcement, as it keeps its range around 0.6300, shedding 0.50% on a daily basis. The aussie dollar was pressured by the downbeat Australian jobs data and dovish RBA minutes.

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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