Business
ASX to fall; AMP takes virus hit; NAB sees $A at US80¢ – The Australian Financial Review
The Australian sharemarket is expected to open weaker as Wall Street retreated after Donald Trump suggested delaying the US election. US tech earnings could lift market. AMP flags first half profit of $140m-$150m. Stocks on track for fourth consecutive month …
The weakening of the US dollar “is for real” says National Australia Bank’s currency strategy team as it revised its forecasts for all G10 currencies saying the weakness in the US dollar “has a fair way to play out over the coming couple of years at least.”
“The roots of the US dollar depreciation cycle now in train lie in the sharp compression in previously US-dollar favouring yield differentials. This is even more apparent in real than nominal rate spreads, ultimately what matters most for cu…
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