Australian Treasurer Frydenberg: Australia will not bow to economic coercion

Australian Treasurer Josh Frydenberg recently crossed wires, via SkyNews, while suggesting a firm stand on the Aussie PM Scott Morisson’s earlier support to call a global inquiry into the origins and propagation of COVID-19. 

Key quotes

Australia will not bow to economic coercion.

FX implications

Despite the news being not so Aussie friendly, due to its reliance on China, AUD/USD ticked up from 0.6486 to 0.6492 following the news.