The pound took a hit on Friday. Ray Attrill discusses whether we can expect it to sink further this week, and what that could mean for the Aussie dollar, which also fell slightly at the end of last week.
The US dollar is down this morning even though equities are at record highs.
Whilst China has promised to retaliate against the US tariffs, it hasn’t gone as far as it could.
The Aussie dollar was on the rise overnight, even as all eyes and ears were waiting on an announcement on the next round of tariffs from the White House.
In this Weekly, we set out our latest thoughts on the Australian dollar.
The US President is keeping everyone guessing on further tariffs on Chinese imports.
The bigger picture – a global and Australian economic perspective.
Quite a few moving points to what has been a reasonably volatile night in markets.
The Aussie and Kiwi dollars gained some ground helped by hopes of renewed trade talks between China and the US.
US 10 year Treasuries are closing in on 3 percent again, as expectations firm on two further rate hikes this year.
No further news on tariffs overnight calmed down emerging markets overnight and gave the Aussie dollar a short reprieve.
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