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RBA's Debelle: Will take account of expected fiscal stimulus in future monetary policy decisions

The Reserve Bank of Australia expects Australia's services exports to fall around 10% in the first quarter due to the coronavirus outbreak and subtract around 0.5% of GDP in that period, RBA Deputy Governor Debelle noted on Wednesday.

"The RBA will take account of expected fiscal stimulus in future monetary policy decisions," Debelle added, as reported by Reuters.

AUD/USD reaction

The AUD/USD pair largely ignored these comments and was last seen trading at 0.6617, adding 0.53% on a daily basis.

USD/JPY: Deeper retracement in the near-term still possible

USD/JPY regains some upside traction following Tuesday’s pullback as selling pressure is expected to subside on a breakout of the 200-day SMA, Pablo P
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GBP/USD: Still expected to grind lower – UOB

Cable is seen gathering extra downside traction in the next weeks, although a test of 1.2700 still remains unlikely, suggested FX Strategists at UOB G
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