Ray Attrill

Ray Attrill

Global Co-Head of FX Strategy

“Ray has 30 years experience as an economist and market strategist, obtained in roles working in London, Sydney and New York.”

Ray Attrill is Global Co-Head of FX Strategy within the Fixed income, Currencies and Commodities division of National Australia Bank.

In this role, he advises the bank’s dealing rooms and institutional and corporate clients on developments in global foreign exchange markets.

Ray has 30 years experience as an economist and market strategist, obtained in roles working in London, Sydney and New York. Prior to joining NAB in 2012, he held a similar role at BNP Paribas, based in New York.

He previously amassed considerable experience in research and strategy, being a joint founding partner for 4CAST limited, a leading independent economic and financial market research company. Prior to that, he worked for many years in senior roles at MMS International, also a leading on-line market research provider.

He holds both Master and Bachelor of Science degrees in economics from the London School of Economics.


The late great Robin Williams sang this theme song to the 1999 South Park movie at the Academy Awards, penned by Matt Stone and Trey Parker, in which Sheila blames Canada for the kids’ bad language (and more besides) after watching the expletive-ridden Canadian movie Terrence and Phillip: (expletive deleted) of Fire.

Some very refined harmonies from Seattle indie folk band Fleet Foxes to start the week.

US bond markets have been treading water in front of the two day FOMC meeting that commences tonight, 10s stuck around 2.2%, while the Australian dollar has been spent most of its time meandering within a narrow 0.7420-0.7445 range.

The T.Rex 1971 classic is doubtless before most readers’ time but not this one unfortunately, growing up with the first (and still the best) U.K. glam-rockers.

Almost certainly neither Sam and Dave nor Elvis Costello had inflation or inflation expectations in mind when the recorded this track, though for the record US CPI was running a little shy of3% when Sam and Dave first recorded the song in 1967, and over 20% in the UK when Elvis Costello covered it in 1980.

Not a big night for markets.

Virtually no market reaction in offshore markets to last night’s Federal Budget, which has seen Fitch and Moody’s quickly out affirming their prevailing AAA sovereign ratings. We haven’t yet heard from Standard & Poor’s.

There wasn’t a whole lot of market movement on Friday in the wake of the April US employment report showing a 211k rise in non-farm payrolls and a drop in the unemployment rate to 4.4% from 4.5%.

News of North Korea conducting another (apparently failed) ballistic missile test crossed the wires about 30 minutes prior to the NY close.

The final results of the first round of voting in the French presidential election aren’t yet confirmed.

A fair bit of news to digest overnight, and some market price action across currencies, bonds and equities to accompany it.

Plenty of news, both economic and geopolitical, since we broke for Easter, the net market impact of which has frankly been quite modest.

US employment data fell below expectations on Friday, hitting the markets harder than the escalating problems in Syria.

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