To Pause or Not to Pause? That is the RBA question.
NAB Morning Call
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Introduction
The US dollar is down again losing 0.2% on the DXY but the Aussie is down against that falling US dollar losing 0.6%. The euro meanwhile up 0.4% this morning. Oil is rising WTI up over 1% again. We saw oil shooting ahead Brent up half percent 0.86 a barrel but coal down again almost 3% down. That's a more than 50% drop over the last year in coal. Energy stocks not doing well in the US as well overnight. FTSE 100 down a quarter percent but the DAX up half percent at close and Bond yields up. German 10 year buns are up three basis points just two basis points
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