NAB – The Morning Call · Bad start to a rocky month

Bad start to a rocky month

Monday 4th May 2020

May got off to a bad start on Friday with falls in equities and the Aussie dollar the worst currency on the day. NAB’s Ray Attrill says it signals the start of a more measured month. April saw the best month for US equities since 1987. That’s not going to happen again, particularly with more uncertainty thrown into the mix as President Trump threatens China with hefty tariffs, given his belief that the virus started in a Wuhan laboratory. So how will the Aussie dollar respond to a week in which the RBA meets and the size of US unemployment is revealed, in Friday’s non-farm payrolls?

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