Following the release of the Australian labor market report, the country’s Prime Minister (PM) Scott Morrison said the economy “must brace for more hard news to take”.
“It has been a tough day for Australia.”
“Knew there would be hard news on job losses.”
“Economy is re-opening.”
“Obviously difficult time as we deal with China trade issues.”
AUD/USD remains under heavy selling pressure and trades at 0.6427, down 0.43% on the day.