Oil keeps increasing, Aussie rises above the confusion

Monday 7th March 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9For a while over the weekend it seemed like Vladimir Putin was suggesting the west had already declared war with it imposition of sanctions, but, in context, he was really saying it was like a declaration of war, but a no fly zone would be a declaration of war. Whilst that’s a relief, we can all do without that sort of escalation, the uncertainty of the future outcome remains and we can expect more volatility this week as the fighting continues. Today Tapas Strickland talks about the impact of rising commodity prices and the response from central banks, including the ECB that meets this week. Australia meanwhile, seems to be enjoying the benefits of distance from the trouble in eastern Europe, with the Aussie dollar almost 5 percent up on the Euro over the last week. How long will this last?

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