Aussie Floats On, Yen Falls Back

Tuesday 12th December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Yen is the biggest currency move overnight, losing some of the recent gains. NAB’s Ray Attril says it comes from a Bloomberg story overnight which doused expectations that there will be a ‘surprise’ policy change next week. Otherwise, markets are largely treading water ahead of the US CPI number later today, followed quickly by the Fed later in the week, along with four other central banks.Also on today’s podcast we look at four decades of a free floating Aussie dollar. It’s 40 years ago today that the AUD floated freely for the first time. Ray takes us through some of the highs and lows. Hosted on Acast. See acast.com/privacy for more information.