Tuesday 30th January 2018

The US dollar rose for a change overnight, with a sell off in US Treasuries pushing yields up to multi year highs. It’s a similar story in Europe. NAB’s Tapas Strickland tells Phil Dobbie that this is an acknowledgement that central banks will continue to unwind their QE programs this year. So, could that mean the US Fed hints at extra rises in their commentary this week? Of the major currencies the pound took the biggest hit – not helped by political uncertainty over whether Tory backbenchers will support the Brexit transition period agreement with the EU. Plus, what to look out for in NAB’s Business Survey for December, released this morning.