Tuesday 3rd July 2018

The Aussie and Kiwi dollar were two of the worst performing currencies overnight. NAB’s Tapas Strickland explains that it is a reflection of rising uncertainty – the imminent tariffs against China (and expected retaliatory trade war), the glacial movement in Brexit and the stability of Angela Merkel’s German government. Three issues concerning investors, which could all ratchet up a notch as the week progresses. Even the positive news overnight, the US PMI figures, has a dark side.