CBA's Mundy on U.S. Payrolls, Currencies & RBA's Financial Stability Review

The transcript discusses the potential downside surprise in US labor market data due to COVID-19, its impact on the tapering outlook, and the US dollar. It also covers the implications of the US debt ceiling negotiations and inflationary concerns related to upcoming infrastructure and spending bills. Additionally, it touches on the Reserve Bank of Australia's focus on the housing market and credit growth.

What is the expected impact of COVID-19 on the labor market data?

• A balanced outcome with no surprises

• No impact on the labor market

• A downside surprise due to disruptions

• An upside surprise due to increased hiring

How might the US dollar react if the labor market data aligns with expectations?

• It will remain unchanged

• It will collapse

• It will weaken significantly

• It will firm slightly

What is the main concern regarding the debt ceiling negotiations?

• Immediate resolution of the debt issue

• Long-term economic stability

• Increase in employment rates

• Temporary delay of default risk

What action has the Reserve Bank of Australia taken in response to rising house prices?

• Decreased interest rates

• Increased minimum loan serviceability test

• Introduced new taxes on property

• Banned foreign investments in real estate

What is the expected trend for house prices in Australia for 2022?

• An increase of around 7%

• A significant drop in prices

• A decrease of around 7%

• No change in prices