The Aussie Coal Ban and Earnings Caution
Wednesday 14th October 2020The Aussie dollar has taken a hit twice in the last twenty-four hours. NAB’s Rodrigo Catril says the first hit came on reports that China was to stop importing Australian coal, a significant worsening of trade relations. The second hit came as the US dollar rose and equities fell as the last vestiges of hope for a stimulus deal seemed to disappear. There’s also caution around earnings results, with banks so far producing good results but not much optimism looking ahead. The pound has had a worse night though, as Brexit talks continue to produce no results…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.