Working through the detox

Monday 10th March 2025

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The downturn in shares, the weaker dollar and rising bond yields are all part of the detox, according to Scott Bessant, as money shifts from government spending to the private sector. So, it’s a temporary setback, he believes. But the Trump administration probably didn’t foresee the massive investment happening in Europe. What does that mean for the future direction of the US dollar and the Aussie, which is rising against it? Questions Phil puts to NAB’s Ray Attrill at the start of a week where tariffs will again be front and centre, maybe as soon as today. They also discuss US payrolls numbers, China’s CPI and the latest from Canada. 

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