An optimistic ECB, despite everything

The Euro rose today after the ECB spoke little of new measures to combat the economic downturn. In fact, as NAB’s Gavin Friend explains, they consider the economy to be in good health. Really? Meanwhile, President Trump seems unlikely to back away from imposing tariffs on Mexico next week and has said he will decide on whether to extend the reach of tariffs on Chinese imports after the G20 later this month. Tonight, it’s non-farm payrolls in the US – will they mirror the shock fall of the ADP job numbers earlier in the week? Plus, what to expect from home loans data in Australia today.

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