Wednesday 29th May 2020
The Aussie dollar has been steadily rising, now around 65 US cents. Phil Dobbie asks NAB’s Ray Attrill whether it will last, or even push higher. They also discuss the markets continued optimism that the impact of COVID-19 will be short-lived, with equities pushing higher again today. But with entire industries struggling – airlines in particular – have fiscal policies gone far enough. Is there more central banks can do? Will the Fed, for example, announce anything more tomorrow. Meanwhile, the New Zealand dollar has lost ground over speculation that the RBNZ may push interest rates into negative territory.