Aussie dollar fall continues, bond yields down as trade delay persists

The Aussie dollar fell sharply yesterday on the back of disappointing jobs numbers, followed by weaker than anticipated activity data from China. Phil Dobbie asks NAB’s Ray Attrill what this means for the RBA’s plans to keep rates on hold for a while? The upset continued in Japan and Germany, both reporting weak GDP readings. Even the US is not immune, with higher jobless claims overnight, although Jerome Powell, giving his testimony to the House Budget Panel continued to talk-up the health of the US economy. Today’s retail numbers for the US will help us see if he’s right or not.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top