Ray Attrill

Ray Attrill

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 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.


US equities rose sharply overnight despite the news unemployment claims in the US have risen to 3.2 million for the week to March 21.

The US Fed announces unlimited QE.

Oil has shot up in price, with equities rising too and there’s a bit more interest in government bonds.

The Aussie dollar has fallen below the post GFC low.

The rush to bonds continued on Friday, hitting new lows for Treasury yields, even as equities in the US saw a last-minute push and actually finished the week up a little.

Intensification of concerns about the spread of the COVID-19 coronavirus culminated in new 11-year lows for AUD/USD at 0.6435 on the last day of the month.

Equities and the US dollar have bounced back even if bond yields remain low.

Central bankers and finance ministers are hooking-up on a conference call later today to discuss a coordinated response to the impact of the coronavirus.

Thursday proved to be a very volatile day towards the end of a very volatile week.

The extent of the spread of the coronavirus in South Korea, Europe and numerous other countries, has driven a major fallout in markets overnight.

Markets are cautiously hoping the worst of the coronavirus is over.

The markets slipped momentarily into risk-off as the number of COVID-19 infections jumped in volume, but concern slipped back a little as it became clear that the way cases were being measured had changed.

Trump tweeted as Jerome Powell spoke saying shares were falling the more he spoke.

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