Tuesday 15th September 2020
Shares climbed in the US today on the hope that Pfizer will have a virus ready by the end of the year. It’s a promise made by their CEO at the weekend and touted by the US President. The US dollar fell, with the NZ dollar the main beneficiary. NAB’s Rodrigo Catril says speculation is mounting that the RBA will buy more government bonds to bring interest rates down, which accounts for a why there’s been less interest in the Aussie dollar. Plus, more volatility for the pound, and activity numbers from China today will help determine whether consumer confidence has come back yet.