A huge jump in he Aussie dollar. NAB’s Ray Attrill explains that, in part, it’s the indirect result on the rise in the Euro as a recovery package is finally agreed.
Even though bond yields have stepped back, they are still much higher than at the start of the year, says NAB’s Tapas Strickland. And lower rates for longer, the mantra of central banks everywhere, is pushing housing higher, particularly in Australia. https://t.co/BCc7dKM6BV