# Risk off, but why? Page: https://stenobird.com/podcast/nab-morning-call-427359/risk-off-but-why Text version: https://stenobird.com/podcast/nab-morning-call-427359/risk-off-but-why.md Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359) Published: 2026-06-23T20:09:18+00:00 Episode link: https://shows.acast.com/morningcall/episodes/risk-off-but-why Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a3ae7f06cc0d2f3827824e7/media.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/risk-off-but-why Duration seconds: 779 ## Resource Wednesday 24th June 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB There have been big global move down in equities yesterday and that continued overnight. NAB’s Taylor Nugent joins Phil to discuss this risk-off mood. There’s no clear trigger except shares rose quickly last week. The Iran situation certainly wasn’t responsible after another day with more ships leaving the Strait and oil prices continuing to fall. But why has the Aussie dollar taken such a big hit? They also discuss yesterday’s PMIs and look ahead to today’s Australian inflation numbers. Hosted on Acast. See acast.com/privacy for more information. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/risk-off-but-why/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/nab-morning-call-427359/risk-off-but-why.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.