Australian Treasurer Chalmers: Q2 GDP to be similarly difficult’

Australian Treasurer Jim Chalmers said on Wednesday that he expects “the second-quarter GDP to be `similarly difficult’.

“Savings ratio drop shows Australians under pressure,” he added.

Market reaction

AUD/USD is unperturbed by the cautious remarks, holding 0.29% gains on the day to trade at 0.6662, as of writing.