Tuesday 28th April 2020
Again, it seems markets are ignoring the bad data, of which there’s plenty, and optimistically looking to businesses returning to normal. The continued, unprecedented action by governments and central banks has added to the optimism, with the Bank of Japan pulling out more stops yesterday. But is Australia in the box seat? It’s a question Phil Dobbie puts to NAB’s Tapas Strickland as, again, the Aussie dollar is one of the best performing currencies. Plus, oil, falling by a quarter. Are you getting that déjà vu feeling again?