Slow road for China

Tuesday 11th July 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe speed of China’s economic recovery continues to cause concerns. NAB’s Rodrigo Catril says the fall in the CNY continues to pull the Aussie dollar lower, even against a weaker US dollar today. US Treasuries have fallen, despite more hawkish talk from Fed speakers overnight, including Loretta Mester saying rates need to be ‘somewhat higher’. Does that sound like more than two hikes? Today the focus will be on the NAB Business Survey locally, and employment data for the UK.  Hosted on Acast. See acast.com/privacy for more information.