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SA Model for Victorian Reopening by Treasurer Josh Frydenberg

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Victorian Premier Daniel Andrews should look to South Australia and ease its strict restrictions on Sunday, Josh Frydenberg says. The federal Treasurer was in Adelaide on Thursday spruiking last week’s budget. 

Mr Frydenberg commended the “military-style” operation at Adelaide Airport and the Marshall government’s work to suppress the coronavirus. 

“My message to Daniel Andrews today, as my message to him every day, is give Victorians back their freedom this Sunday,” he said. 

“Look what has been achieved here in SA, look what Gladys Berejiklian has achieved in NSW. 

“Victorians need their freedom back, and businesses need to reopen again.” 

Mr Frydenberg also gave a shout out to healthcare workers who were on the frontline across the state. 

He visited the Adelaide Holocaust Museum, the Port Rush and Magill Road intersection upgrade in Adelaide’s east, and the new Wolf Blass Community Centre at Norwood Oval. 

Mr Frydenberg dismissed a call for the state government to step in and assist beverage giant Lion, which this week announced the closure of its iconic West End Brewery. 

“It is very sad to see the closure of a brewery that has become part of South Australian life, and indeed their close affiliation with so many of your sporting clubs reflects that close community involvement,” he said. 

“These are market decisions, and I will leave that to Lion as the company that has made that decision. 

“But beer drinking, I enjoy one from time to time, will continue to be part of Australian life, and there will continue to be lots of jobs in that sector.” 

TECHNICAL OUTLOOK 

 

In the daily charts of AUD/USD, the pair inched lower on Friday morning in Sydney session. 

The AUD/USD pair edged down 0.17 percent to 0.7080, losing 2% for the week as investors are still digesting dovish comments from the Reserve Bank of Australia. 

As the end of the trading week nears, we can see that the pair is reaching for the support at 0.6995. Further confirmation for the pair breaking past the support level will strengthen the position of Aussie bears in the coming week.

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