US dollar falls as Fed’s policy sinks in
Monday 31st August 2020NAB’s Ray Attrill says t…
NAB Morning Call · NAB - The Morning Call
August 30, 202013m 44s
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
Monday 31st August 2020NAB’s Ray Attrill says the US dollar bore the brunt of Friday’s reflective thinking on Jerome Powell’s Jackson Hole speech. He says, if the market believes the Fed will run inflation up to 3%, then real US interest rates would be lower and higher inflation should force the currency down over time, hence the response. But isn’t this somewhat hypothetical when inflation has struggled to get anywhere near 3 percent? There’s also discussion about US confidence data, China’s ISM numbers today and the impact of Shinzo Abe’s resignation announcement.
Hosted on Acast. See acast.com/privacy for more information.