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Markets calmer, Aussie takes a hit, Theresa reaches out

The markets are a lot calmer this morning after yesterdays rally in shares and sell-off of bonds. But, as phil Dobbie discusses with NAB’s Rodrigo Catril, the Kiwi and Aussie dollars have taken the biggest hit out of the major currencies, as business sentiment slides and, in Australia’s case, the concern about the impact of house prices heightens. Canada faces a similar story, which is why the Canadian dollar is down today, despite rising oil prices. And Theresa May has talked about a unity approach to solving Brexit – jointly arriving at a solution with the leader of the opposition. There’s also discussion on yesterday’s RBA meeting, the budget and what to look out for today.

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