Aussie flies higher, US equities higher still
Tuesday 18th August 2020The US dollar continues to fall, pushing the Aussie dollar higher this morning. The dovish tone set by the RBNZ \u2013 plus a delayed election \u2013 means the NZ dollar hasn\u2019t seen the same level of growth. In fact, NAB\u2019s Ray Attrill points out in today\u2019s Morning Call, the Aussie-NZ dollar cross is at a two year high. That\u2019s not all, US equities are hitting new levels too, even though the idea of any sort of fiscal deal seems to have fallen off the table and growth slowed markedly in the latest NY Empire Manufacturing Index.
Hosted on Acast. See acast.com/privacy for more information.