Daily Alert: NZD/AUD susceptible to larger RBA move

  • Those turning on their work phones this morning after the long weekend won’t notice too much of a change from Friday. Global asset markets have been fairly calm through Friday night and yesterday’s holiday
  • Sharemarkets have drifted a little lower (S&P500 down 1.5% from Thursday’s close), commodity prices are up slightly (oil US$118/barrel), and bond yields have continued their uptrend (US 10-year treasury yield back above 3%)
  • Good US economic news remains bad news

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