The Morning Call Podcast
Trump challenges Fed; Weaker Yuan hurts Aussie
Friday 20th July 2018
Donald Trump wiped out the day’s gains in the US dollar in one tweet – attacking the Fed’s approach to interest rates, saying higher rates wipe out the good work he’s been doing on the economy. NAB’s Ray Attrill says that’s not all he’s been attacking. The weakening Chinese Yuan and the European antitrust fine against Google are also in his sights. Phil Dobbie also asks Ray about the impact of a commodities downturn on the Aussie dollar, which seems to have offset the gains made by positive employment data yesterday.