China wants to rollback to May, RBA considered a cut, Boris goes in to bat

The markets are still waiting for developments on the US China trade talks. There are unconfirmed reports that China is pushing harder for tariff rollbacks but NAB’s David de Garis thinks it could be some time before we see any concrete developments. On today’s podcast he talks through the surprisingly dovish stance in yesterday’s RBA minutes, with a short-lived fall in the Aussie dollar. Today the Aussie and NZ dollars are the best performers, with the pound heading south as the first televised debate of the UK election draws near – almost as if the markets aren’t expected a strong performance from Boris Johnson.

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