Spark Your Fire (OZ Property/Crypto/Shares & Macro)

Weekly news wrap-up!

July 31, 2020

In news this week - 

1. NSW stamp duty exemption for new homes from 1 Aug 
2. CPI fell 1.9% in June 2020 quarter
3. NAB is reducing 114 regional branch opening hours to only the morning to lunch from 17th August
4. APRA request banks to retain at least half of their earnings and reduce dividends payout to investors to ensure resilience in this uncertain times
5. ASIC has decided not to take any further action (i.e. appeal to Full Federal Court) against taking Westpac on the "wagyu & shiraz" case. Subsequent to this they will review the responsible lending guide

References - 
https://www.bloomberg.com/news/articles/2020-07-28/goldman-warns-dollar-s-role-as-world-reserve-currency-is-at-risk?sref=vuYGislZ

https://cointelegraph.com/news/us-printed-more-money-in-one-month-than-in-two-centuries

https://twitter.com/LouiChristopher/status/1286435358003957761