Phase 2 deal unlikely; Trump’s impeachment proceedings; the Fed and the Aussie dollar

There’s a risk-off mood today, as China indicates a phase two trade resolution will be difficult to reach, as impeachment proceedings start against the US President and the markets take stock of Jerome Powell’s press conference yesterday, plus weaker than expected trade data from Chicago. Phil Dobbie talks through it all with NAB’s Ray Attrill – as well as discussion on Ian Harper’s ascertain that lower rates from the Fed are pushing the Aussie dollar higher. Plus, what to expect from US payrolls and ISM data tonight.

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