Monday 26th October 2020
Last week finished with US stocks down, the US dollar down and the price of bonds down. Normally, if the sentiment is risk off and equities are down, you’d see the US dollar rise. The fact that didn’t happen demonstrates the US dollar is in a down trend, says NAB’s Ray Attrill on today’s Morning Call. Short term we can expect markets to continue to be influenced by election polls, Brexit hopes and COVID-19 statistics. The idea of a stimulus deal in the US remains a tiny glimmer of hope, but Nancy Pelosi might be the only person left hoping.