Consolidating and vaccinating

Published: April 6, 2021, 8:12 p.m.

b'Wednesday 7th April 2021There were no significant market moves overnight. The US dollar has fallen a little further, bond yields are down and equities have cooled somewhat. NAB\\u2019s David de Garis says, maybe markets are taking Jerome Powell\\u2019s words to heart that it\\u2019s a long road ahead and the Fed is going to stay the course. That\\u2019s certainly the line echoed by the RBA yesterday even though, like the US, the news is largely positive. Vaccination rates continue to be a determinant of economic recovery, with Canada\\u2019s President Trudeau announcing a third wave on his home soil, where the number of people having the jab remains very low. FOMC minutes are out tomorrow; we\\u2019ll talk about those, hot off the press, tomorrow morning.


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