ANZ suggest that "the path of COVID-19........>

FOREX: ANZ suggest that "the path of COVID-19 remains both tragic and very

uncertain, but the risks that infections in new countries escalate and that the

recovery in global growth will be slower than expected are rising. The AUD and

NZD have traded in a relatively orderly fashion thus far, despite panic in other

markets. For now, we think that this will remain the case, however, the

distribution around that forecast is heavily skewed to the downside. Should the

news flow continue to evolve towards a global pandemic, we see a risk that the

AUD tests USD0.58 and the NZD could fall to USD0.55."