Early optimism

NAB Morning Call · Jan 10, 2023 · 19m

Wednesday 11th January 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe year has started on a fairly optimistic tone, with US bond yields falling on expectations that the Fed might have to do less, leading to a fall in the US dollar. As NAB’s Ray Attrill explains, the major beneficiary of all this has been the Aussie dollar, up 1.3% so far this year. Hopes of more growth from China, with the zero COVID policy abandoned and the population moving quickly to herd immunity. But global optimism should be tempered with a reality check – COVID is…