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Tuesday 4th August 2026
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President Trump says the Strait of Hormuz will open as soon as tomorrow. As Phil suggests to NAB’s Sally Auld that means markets only have to wait 24 hours to be disappointed, but the net reaction has been a sharp fall in oil prices and rises in shares. Sally also talks about how the joint currency action on the Yen between the US and Japan marks a new era where allies work together on financial outcomes. In the US a strong ISM report signalled continued strength for the US economy, whilst in Australia we saw house prices fall again and await household spending data today.
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