Aussie’s post GFC low; virus concerns blitz strong US jobs report
Monday 10th February 2020 There were lots of positive take-outs from the US non-farm payrolls on Friday night. In today’s podcast Phil Dobbie suggests to NAB’s Tapas Strickland that ordinarily these numbers would be a cause for optimism in the markets, yet concerns of the impact of the corona virus are having the opposite impact. That saw the Aussie dollar hit s post-GFC low on Friday, So, with little in the way of new data today, could the virus cause more market contagion? There’s also discussion about Philip Lowe’s parliamentary testimony on Friday, and what we can expect from the Fed’s Jerome Powell who faces politicians for two days this week.