China cured of currency manipulation

As a further sign of a more positive path for the US and China, there are reports this morning that the US Treasury Department will no-longer consider China a currency manipulator. In today’s Morning Call Phil Dobbie talks to NAB’s David de Garis about the markets’ shift to risk-on ahead of this week’s signing. Meanwhile, the UK has delivered a series of disappointing economic numbers, but the bigger influence on Sterling has been increased talk of an imminent rate cut by the Bank of England. Plus, rating agencies give Australia some leeway on returning to surplus, to help fund the rebuilding work in bushfire hit areas.

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