Australia paying the price on virus concerns

The Australian dollar – and emerging markets more broadly – were hit by further concerns over the spread of the Coronavirus. Phil Dobbie asks NAB’s Rodrigo Catril whether this is a market overreaction, almost to the point of ignoring key economic data? All eyes will continue to scan headlines for signs that the virus is being contained, or spreading further, and there will be attention on China today where the equity markets reopen after the Lunar New Year holiday.  Plus, will the double whammy of the virus and bushfires impact the RBA’s decision tomorrow?

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