Jobs Frenzy
NAB Morning Call
00:00
The Dollar's Risk Sentiment Drives the Aussie Dollar Down
Aussie dollar down more than we've seen the US dollar up by quite a margin. The response that we've seen in the dollar is just risk sentiment, presumably driving the Aussie dollar at that. Household spending for Japan, they haven't got a problem with the economy running too hot, though. Their spending was down 1.3% in April. We get industrial production for Germany for May and someone else worried about jobs perhaps. Canada, jobs were down in May, but they are forecasted rise in the June numbers out this evening. And Christine Lagarde will be able to explain why yields have gone crazy in Europe.
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