6th October 2021
The currency markets suggest there’s a risk on mood this morning, with the US dollar gaining on the Japanese Yen and Swiss Franc. Strong non-manufacturing ISM numbers in the US have helped with that. But oil prices continue to rise too, adding to inflation concerns. Yet tech stocks have risen as well. NAB’s Rodrigo Catril joins Phil Dobbie to help explain market positions this morning, on the day that the RBNZ is expected to lift interest rates, despite expectations that the country will face many more COVID cases as the policy switches to one of living with the virus. US jobs will be the focus for the second half of the week, starting with ADP employment numbers tonight.