RBA wait and see
NAB Morning Call
00:00
Introduction
The RBA were on hold yesterday, so is it really just a wait and see decision with more hike slightly or are they really wondering how much of a slowdown they've created and should they hold off altogether? Well look at that and how much more hiking is expected on a day that was otherwise quiet with America celebrating. The Aussie Dollar gained 0.4% edging up towards 67 US cents, the pound also up a quarter percent, the euro down 0.2%. Bond yields moved up in Canada, up 7 basis points for 10 years, down 2 for 10 years in the UK, Aussie 10 years,. but no move on that on futures overnight. And oil has pushed higher
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