Huawei On Hold, Lowe Goes Lower and Pound Fails to Fly on May’s DoDo Deal
Wednesday 22nd May 2019 The Australian dollar is close to it lowest level since January 2016. As NAB’s Ray Attril explains to Phil Dobbie, it’s all down to the RBA’s Philip Lowe, who gave the clearest hint possible that interest rates would be cut at their next meeting. If not, sometime soon after. The pound meanwhile had a short burst of optimism on the news that Theresa May would allow MPs to vote on another Brexit referendum, until the markets realised the conditions attached. And US equities have been boosted by a brief reprieve on Huawei trading restrictions. Plus a look at today’s FOMC minutes – will they include the word ‘transitory’?