Wednesday 20th February 2019

The US dollar is a little weaker this morning as the deadline for US tariffs on Chinese goods looms, with talks resuming in Washington today. Phil Dobbie asks NAB’s Rodrigo Catril whether if that’s what’s holding the markets back, or clarification of the Fed’s stance, with the release of their meeting minutes. There’s also discussion in today’s podcast about yesterday’s RBA minutes and the wage price index data today. Speaking of wages, the UK labour market remains tight despite all the Brexit uncertainty, and the pound is doing somewhat better than the Euro. And should we pay any attention to the latest bit of ‘significant’ Brexit news?