Tuesday 1st December 2020
The US dollar was losing ground for most of the session today before a sudden reversal that knocked the Euro off a multi-year high (touching $1.20). NAB’s Ray Attrill explains how it can partially be explained by hedge-funds exposed to US equities rebalancing their portfolios at month-end. The pound continues to perform as though a post-Brexit trade deal has been reached, which it hasn’t, and oil markets will have to wait another day to hear whether OPEC will extend production cuts, and for how long. The relationship between Australia and China continues to worsen, but, as yet, there’s been little economic impact, except for the coal industry. Could the situation escalate? And today, the RBA will do little, whilst Jerome Powell is in front of the US senate to explain the Fed’s plans.
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Brexit is Needed to Bring Down the EU
Steve Keen’s thoughts are that the concept of the EU, as it stands, is so abhorrent that a Brexit is needed to encourage others to do the same and pull the whole thing apart.
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Markets rethink Corona risk; Aussie CPI today
Equities rebound – but, on today’s podcast, NAB’s Ray Attrill wonders whether it’s the calm before the next part of the storm over Corona news.
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Recruitment and the Law
I talk to lawyer Peter Townsend from Townsends Business & Corporate Lawyers about what you should be wary of as you navigate through the recruitment process. Just how far can you, or should you, gild the lily?
