Aussie flies higher, US equities higher still
Tuesday 18th August 2020The US dollar continues…
NAB Morning Call · NAB - The Morning Call
August 17, 202013m 19s
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Show Notes
Tuesday 18th August 2020The US dollar continues to fall, pushing the Aussie dollar higher this morning. The dovish tone set by the RBNZ – plus a delayed election – means the NZ dollar hasn’t seen the same level of growth. In fact, NAB’s Ray Attrill points out in today’s Morning Call, the Aussie-NZ dollar cross is at a two year high. That’s not all, US equities are hitting new levels too, even though the idea of any sort of fiscal deal seems to have fallen off the table and growth slowed markedly in the latest NY Empire Manufacturing Index.
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