Aussie low on China worries, European inflation eases
Thursday 1st June 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Aussie dollar has fallen further on the back of weaker than expected PMI data from China. NAB’s Ray Attrill says it adds to the view that the post-COID recovery is losing momentum. Australia was also hit with higher-than-expected inflation numbers yesterday, which has added to the expectations for a quarter percent rate rise by the RBA next week. European inflation reported so far has largely shown the worst might be over, but we get the Euro areas CPI figure today. If the US…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.