Wednesday 22nd July 2020
The Aussie dollar rose over 1.7 percent in this session. It’s been helped by the gain in the Euro, after leaders there reached an agreement on a Europea Rescue Plan, less than two days after their weekend summit ended without a resolution. On today’s podcast Phil Dobbie asks NAB’s Ray Attrill whether this is Europe’s time in the sun, with a rescue plan sorted and the virus contained across the continent. In the US the race is on to extend stimulus measures before Congress breaks for summer, and virus numbers continue to rise. Meanwhile, will the extension of support measures see further rises in equities and in the value of the Aussie dollar?