Aussie Floats On, Yen Falls Back
NAB’s Ray Attrill explains why the Yen has fallen so much overnight, and gives us a two minutes summary of 4 decades of the Aussie dollar, which floated 40 years ago today.
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Show Notes
Tuesday 12th December 2023
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The Yen is the biggest currency move overnight, losing some of the recent gains. NAB’s Ray Attril says it comes from a Bloomberg story overnight which doused expectations that there will be a ‘surprise’ policy change next week. Otherwise, markets are largely treading water ahead of the US CPI number later today, followed quickly by the Fed later in the week, along with four other central banks.
Also on today’s podcast we look at four decades of a free floating Aussie dollar. It’s 40 years ago today that the AUD floated freely for the first time. Ray takes us through some of the highs and lows.
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