NAB Morning Call

China steps in to stop currency slide – the Aussie impact


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Monday August 6th 2018
Whilst the trade tariff rhetoric continues unabated between the US and China, President Trump will presumably be happy with a move by the Peoples Bank of China to stop the slide in the value of the Yuan. Phil Dobbie asks NAB’s David de Garis whether the impact of this on the Aussie dollar on Friday could continue this week. They also discuss Friday’s payrolls data and service ISM from the US, and look ahead to the RBA and RBNA meets this week.
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NAB Morning CallBy Phil Dobbie

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