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Reserves add a little light relief
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Tuesday 10th March 2026
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Phil and NAB’s Sally Auld discuss the roller coaster ride of oil prices, which took a breather after G7 nations hinted at tapping into their strategic reserves. While this news offered a bit of temporary relief to the markets, it’s a short-term fix and markets will be driven by how long the conflict drags on for, and how long supply is blocked through the Strait of Hormuz. They also look at the inflationary impacts for Australia, the surprising resilience of the Aussie dollar as a commodity currency, and what shifting global trends mean for central banks heading into their next round of policy meetings.
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