The Italian budget wasn’t as easy to resolve as the markets had hoped. As NAB’s Rodrigo Catril explains, the difficulties in keeping within EU regulations over budget deficits have hurt the Euro, which has boosted the US dollar – and, in turn, knocked the Aussie dollar down. He also explains to Phil Dobbie what else is driving the US dollar higher. And they look ahead to a plethora of data available over the next 24 hours.
The Italian budget wasn’t as easy to resolve as the markets had hoped. As NAB’s Rodrigo Catril explains, the difficulties in keeping within EU regulations over budget deficits have hurt the Euro, which has boosted the US dollar – and, in turn, knocked the Aussie dollar down. He also explains to Phil Dobbie what else is driving the US dollar higher. And they look ahead to a plethora of data available over the next 24 hours.