Back to uncertainty
Monday 16th August 2021The US dollar lost a lot of ground on Friday, with Treasury yields falling, both on the back of a much weaker than expected consumer confidence report in the US. NAB’s Tapas Strickland says this is the lowest read since the pandemic began. So, will treasury yields bounce back? Supply concerns have been exacerbated by the temporary closure of one of the world’s busiest container ports, after just one COVID case. Could a zero-COVID policy from China lead to much more disruption in coming months? Locally lockdowns look set to continue for longer, but the expectation is…
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