NAB Morning Call

Monday 29th January 2018

Last week US Treasury Secretary Steven Mnuchin seemed to welcome a weakening US dollar, whereas the President attempted to talk it up at Davos. This morning Phil Dobbie asks NAB’s David de Garis if words can really have influence, or is something else driving the dollar down. If so, how far will it go? They also examine the subsequent strength in the Yen and the Aussie Dollar, and look at what to expect from the US Fed when it meets this week.

Monday 29th January 2018

Last week US Treasury Secretary Steven Mnuchin seemed to welcome a weakening US dollar, whereas the President attempted to talk it up at Davos. This morning Phil Dobbie asks NAB’s David de Garis if words can really have influence, or is something else driving the dollar down. If so, how far will it go? They also examine the subsequent strength in the Yen and the Aussie Dollar, and look at what to expect from the US Fed when it meets this week.

Thursday 25th January 2018

The US dollar continued to fall overnight, giving a push to most major currencies. As Phil Dobbie discusses with NAB’s Gavin Friend in London, the pound has been the largest beneficiary. So will the dollar continue to fall? They also look at tonight’s ECB meeting, CPI figures from New Zealand and Trump’s arrival at Davos, with more protectionist measures possibly on his agenda.

Thursday 25th January 2018

The US dollar continued to fall overnight, giving a push to most major currencies. As Phil Dobbie discusses with NAB’s Gavin Friend in London, the pound has been the largest beneficiary. So will the dollar continue to fall? They also look at tonight’s ECB meeting, CPI figures from New Zealand and Trump’s arrival at Davos, with more protectionist measures possibly on his agenda.

Wednesday January 24th 2018

Whilst Trump’s tax cuts are the talk of the World Economic Forum in Davos, the President has given them something else to think about – a hefty tax on the imports of solar cells and washing machines. Phil Dobbie asks NAB’s David de Garis if there could be repercussions in this step towards protectionism. They also look at the response to the Bank of Japan’s decision to leave their QE program untouched, and some positive indicators from Europe and the UK. Plus, what else can we expect from Davos?

Wednesday January 24th 2018

Whilst Trump’s tax cuts are the talk of the World Economic Forum in Davos, the President has given them something else to think about – a hefty tax on the imports of solar cells and washing machines. Phil Dobbie asks NAB’s David de Garis if there could be repercussions in this step towards protectionism. They also look at the response to the Bank of Japan’s decision to leave their QE program untouched, and some positive indicators from Europe and the UK. Plus, what else can we expect from Davos?

Tuesday 23rd January 2018

The US government is open for business once more but, as Phil Dobbie discusses with NAB’s Ray Attrill, there’s a new deadline that could see it all happen again. But does it matter? Shutdowns seem to have limited market impact. Perhaps more important is the latest growth forecast from the IMF and the talks this week in Davos at the World Economic Forum. We should also listen out to what the Bank of Japan has to say today.

Tuesday 23rd January 2018

The US government is open for business once more but, as Phil Dobbie discusses with NAB’s Ray Attrill, there’s a new deadline that could see it all happen again. But does it matter? Shutdowns seem to have limited market impact. Perhaps more important is the latest growth forecast from the IMF and the talks this week in Davos at the World Economic Forum. We should also listen out to what the Bank of Japan has to say today.

Monday 22nd January 2018

It’s looking less likely that the US government will resolve an impasse on its spending bill this morning. On the return of The Morning Call, Phil Dobbie asks NAB’s Ray Attrill what the shutdown could mean for the markets – after all, it’s been on the books for quite some time. They also talk about the decision by Social Democrats in Germany to resume coalition talks with Angela Merkel’s Christian Democrats. Plus, why is the Aussie dollar so strong?

Monday 22nd January 2018

It’s looking less likely that the US government will resolve an impasse on its spending bill this morning. On the return of The Morning Call, Phil Dobbie asks NAB’s Ray Attrill what the shutdown could mean for the markets – after all, it’s been on the books for quite some time. They also talk about the decision by Social Democrats in Germany to resume coalition talks with Angela Merkel’s Christian Democrats. Plus, why is the Aussie dollar so strong?