well the dollar is back at 68.4 US cents
which is where it was yesterday morning
so the response to the better than
expected employment data yesterday was
little more than at which the pricing
for a February rate cut is still down
around 20 percent what happened last
night was the US dollar went up a bit
and just as a follow-up to the
unemployment rate which has improved
from five point two to five point one
percent here's a chart of jobless rates
in Australia the US UK and New Zealand
just eight years ago we were the lowest
at five percent now we're the highest at
five percent while the others are
clustered around about four now
financial markets are dominated at the
minute by chatter about the wool hand
coronavirus and a lot of charts are
flying about comparing the current
situation with SARS in 2003 and most of
them show a small decline around April
that year in Asian GDP and share market
indexes followed by quick recoveries but
I thought this is the one that was most
relevant to Australia
there was a sharp drop in tourist
arrivals in 2003 which took a few months
to recover from and which will likely be
exacerbated this year by the bushfires
global share markets were subdued today
and the local market was also subdued
among the best performers will see it
yourself which possesses a flu vaccine
although there's no suggestion yet that
it works on the Wu hen virus CSL is just
on an absolute tear at the moment up
more than 13 percent since generally the
first also I a deal was sold down
because of the house stones the other
day it was a pretty big fall on the iron
ore price today while base metals and
oil also fell gold and coal went up and
at finance
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