Monday 17th August 2020
Lockdowns have been extended in Victoria and Auckland, even as COVID-19 cases ease. But, NAB’s Rodrigo Catril, says hotspots around the world are becoming a bigger concern, hence the continued uncertainty in markets – although equities continue to perform close to record highs. With so much focus on the virus it’s not surprising that US China trade talks have been called off for the foreseeable future, with little market impact on the news. More interesting, perhaps, will be the Democrat Convention that kicks off today. What impact will their policies have? Can anything stop the slide in the US dollar right now?