Tuesday 5th June 2018

The markets seem to be ignoring the risk of retaliatory action on trade, at least for now. That could change at the G7 meet later in the week. For now, though, the markets have switched back to risk-on, helping the Aussie dollar rise faster than any of the majors this morning. Phil Dobbie talks to NAB’s David de Garis about the data that’s driving this positive mood, whether its false optimism, and whether we can expect to see the pound continue to fall as the EU Summit draws nearer.