Australia has unveiled a massive A$17BN (£8.5BN) spending plan designed to curb the economic impact of the coronavirus pandemic and avert the country's first recession in 29 years.

March 12,2020

The Australian Dollar got the better of many major rivals Wednesday as the government prepared to unveil a major stimulus package intended to support Australia's economy through the coronavirus outbreak, but analyst opinion is divided on the outlook for the antipodean currency.

March 11,2020

Aussie dollar outlook recession

The Australian economy is being forecast to enter its first recession 20 years by local lender Westpac Bank, a prediction that if correct would likely entrench an ongoing spell of Australian Dollar weakness.

March 10,2020

Aussie Dollar slump

The Australian Dollar has been sold off in aggressive fashion at the start of a new week beset by concerns over the economic impact of the coronavirus, confirming the currency will retain a soft tone if market anxieties persist.

March 9,2020

The Australian Dollar fended off a sickly Pound in a risk averse market Friday as expectations of fiscal stimulus mounted down under, while Sterling was again a laggard among major currencies as investors offloaded 'risk assets' ahead of a weekend that could bring more adverse coronavirus headlines. 

March 6,2020

The Australian Dollar advanced across the board Wednesday following better-than-expected GDP data for the final quarter and is being tipped to go further in the coming days as interest rate differentials become less of a burden and as the coronavirus crisis takes a heavier toll on other currencies.

March 4,2020

RBA meeting

The Australian Dollar fell back against the Pound in the wake of the Reserve Bank of Australia's (RBA) decision to cut the cash rate by 25 basis points, taking Australia's basic interest rate from 0.75% to 0.50%.

March 3,2020

Page 103 of 241