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 stocks retreat on Russia meddling, steel/aluminium tariff reports, but still make it ‘6 from 6’ up days.

The US dollar is on the slide again. As Phil Dobbie discusses with NAB’s Ray Attrill the volatility remains ahead of US CPI figures tonight.

The jump in US annual average hourly earnings in January, to 2.9% from an upwards revised 2.7% in December, stole the limelight on Friday albeit there were a number of extenuating circumstances suggesting the number shouldn’t be taken completely at face value.

US stocks are weaker for a second day running, the S&P down a little 1% heading into the close, and the VIX is up to 15 from 11 at the end of last week.

A full Senate vote to ratify the deal struck a few hours ago to re-open the US government is scheduled for 4:30pm Washington time (8:30am AEDT).

The US Senate on Friday failed to muster the 60 votes necessary to pass a stop-gap funding measure that would have averted the partial government shutdown that instead went into effect at one minute past midnight on Friday.

The Bank of Canada delivered on an almost universal expectation for a 25-point rate hike last night.

Mixed performance from FX, with EUR/USD recovering from earlier falls but commodity currencies taking a minor hit from a mini-USD revival and easing in commodity prices.

Zombie was one of the Cranberries’ biggest hits and though written about what O’Riordan described as the seemingly interminable fight for Irish independence, it’s a fitting description of the US dollar, which more and more resembles a dead man walking.

Friday was a case of another day, another US dollar slide (plus new record closing highs for both the S&P500 and NASDAQ, but that almost goes without saying these days).

Before I went to bed last night, the working title for today’s edition was Queen’s ‘Another one Bites The Dust’.

Stocks, the US dollar and Treasury yields all rose in afternoon NY trade Friday, seemingly in anticipation of Congressional tax writers announcing a reconciled tax plan capable of being voted on by both Houses this week.

Tom Petty described The Waiting as a song about waiting for your dreams and not knowing if they will come true.

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