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.


The latest JOLTs (job openings) showed there are 5.9 million jobs available, more than expected, but it didn’t give markets any kick.

The US dollar continued to slide, with a fall in shares and US Treasury yields, as GDP numbers showed the extent of the shock to the US economy in Q2.

Gold has reached a record high, whilst the US dollar continues to slide.

It’s been a classic risk-off session so far, at least in the second half.

The Aussie dollar rose over 1.7 percent, helped by the gain in the Euro after leaders there reached an agreement on a European Rescue Plan.

Markets opted to take the positive news on Friday, sending shares higher and the US dollar lower.

Intra-month range extremes for AUD/USD in June came in the first ten days of the month.

Markets are split between the confidence things might be getting better versus the realisation that in the US southern states infection rates (and fatalities) are getting worse.

Everyone is seeing the silver lining, but clouds could be forming.

The overnight session started on a sour note over increasing concerns about Hong Kong.

There’s a little positive sentiment pushing shares higher again today and helping the US dollar gain on the Yen and Swiss Franc.

Last week was a choppy week as markets tried to balance out positive economic news against rising concerns about COVID-19 infections.

Markets continue to be jittery, with news of reopenings offset by concern over rising infection rates.

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