Aussie bounces, ECB likely to stick
A fall in the US dollar has pushed the Aussie quite a bit higher today, despite weak GDP numbers yesterday. AB’s Skye Masters looks at US jobs data, the BoC decision and looks ahead to the ECB later.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Thursday 7tth March 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The Aussie dollar has led the major sin currency gains today. NAB’s Skye Masters says it follows a fall n the US dollar, with the DXY at its lowest level in over a month. The rise in the Aussie happened despite a lacklustre GDP report for Australia, although the results won’t change the dial on RBA timings. The BoC kept rates on hold and gave no timing on when cuts will happen. The message everywhere – including in Powell’s testimony to the House Financial Services Committee – is that more reassurance is need that inflation is heading sustainably lower. That’ll almost certainly be the message delivered at the press conference after the ECB meeting early tomorrow morning (Australia time).
Hosted on Acast. See acast.com/privacy for more information.