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Confidence Grows Further

NAB Morning Call

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Introduction

The US dollar is down a further 0.7% on the DXY, which is lowest in more than a year. Against that, the Aussie dollar is at 1.6% to over 68.9 US cents. The pound is at 1%, 0.8% for the euro and stocks are higher again. And bond yields falling further down 10 basis points for 10-year treasuries,. Down to 3.76% in Germany, France, the UK, and pretty much most of Europe yield to down 9 or 10 basis points for 10 years.

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