NAB – The Morning Call · Aussie rises further. What could possibly go wrong?
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Aussie rises further. What could possibly go wrong?

Wednesday 3rd June 2020

Equities continue to rise on hopes of a global rebound as COVID-19 infections start to lessen, ignoring the riot sin the US, Hong Kong unrest and Donald Trump’s response to it, and Brexit talks. It’s all good news as far as the markets are concerned, pushing the Aussie dollar even higher, with the RBA’s Philip Lowe reiterating yesterday that things aren’t as bad as anticipated. So, what could possibly go wrong? Phil Dobbie asks NAB’s Rodrigo Catril who suggests historically markets don’t tend to be phased by events of civil unrest in the US. Today all eyes will be on Australian GDP for Q1 and the Caixin Services PMI from China.

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