Day 12 brought more volatility, the search for safety
Tuesday 8th March 2022View our disclaimer and t…
NAB Morning Call · NAB - The Morning Call
March 7, 202215m 18s
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
Tuesday 8th March 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Day 12 of the war in the Ukraine brought more violence and uncertainty. Russia’s offer of a temporary ceasefire so residents could escape was given short shrift when it was clear the escape route was to Russia or Belarus. It was a strong risk-off session across all asset classes, with Brent getting over $139 for the first time since 2007. The Aussie dollar has lost a lot of ground, with NAB’s Ray Attrill saying the US dollar is now the pre-eminent safe-haven currency. Even the Yen has failed to perform its traditional safe-haven role, demonstrating how far and wide the impact of the oil price shock is having on global markets, with no signs of a way out anytime soon.
Hosted on Acast. See acast.com/privacy for more information.