NZ GDP, Aussie employment both punch the lights out, but currencies fall
Friday 18th June 2021The US dollar continued to…
NAB Morning Call · NAB - The Morning Call
June 17, 202113m 57s
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Show Notes
Friday 18th June 2021The US dollar continued to rise yesterday, after the hawkish comments from the Fed. As David de Grais discusses on today's podcast, it’s impetus was enough to squash any positive currency response to Australia’s employment numbers and New Zealand’s GDP read yesterday, both of which were way higher than anticipated. And yet Philip Lowe continued to set the expectation that Australian rates wouldn’t rise until 2024. The road to recovery isn’t straight forward though, with US unemployment claims rising last week and Britain’s infection rate rising sharply, despite the vaccines. UK retail sales will garner a bit of attention today.
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