8th August 2018

The Renminbi rose today and, demonstrating its dependency, the Australian dollar followed suit. As NAB’s Ray Attrill explains, it’s the result of moves by the People’s Bank of China, keen to ensure the Yuan isn’t seen as a one way better, particularly in light of the looming trade war with the US. Speaking of which, today’s China trade balance figures will either please or upset President Trump. Phil Dobbie asks Ray how crucial these figures could be for Trump’s next steps. And after yesterday’s anticipated non-event, what next for the RBA?