Wednesday 13th May 2020
There’s been a swift reversal in sentiment overnight, with White House COVID-19 Task Force advisor Anthony Fauci suggesting an early lockdown will increase infection rates in the US. NAB’s Rodrigo Catril talks to Phil Dobbie about the market response, which has seen the US dollar lose ground, but trade uncertainty with China means the Australian dollar hasn’t been a been a beneficiary in that fall. The pound is also feeling unloved, with death rates still high and concerns over how the government has managed the situation. Today, the RBNZ meets, whilst Australian consumer confidence numbers will be of some interest.