Wednesday 2nd May 2018

Today sees a continued strong run on the US dollar. NAB’s Gavin Friend suggests the move reflects the US economy gaining momentum, whilst other economies are failing to keep pace. Phil Dobbie asks Gavin whether this adds to the case for a third rate hike in the US this year. It’s a different tale in the UK, where poor manufacturing data has hit the pound hard. And, in Australia, Philip Lowe continues with the ‘steady she goes’ approach to the local economy.