Trade hope sends stocks high, Aussie waits on Lowe

The hope that something will happen soon between the US and china has sent US equities to new highs although, as Phil Dobbie discusses with NAB’s Ray Attrill, other asset classes haven’t felt the joy. If markets are moving to a risk-on mood, why isn’t the Aussie dollar a beneficiary? Today all eyes will be on the RBA Governor and how much he will about plans for QE in his talk tonight in Sydney about unconventional monetary policy.

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