As the ASX 200 hovers around the 5,500 level, John Abernethy speaks with Philip Baker from The Australian Financial Review explaining that price rallies in...

As the ASX 200 hovers around the 5,500 level, John Abernethy speaks with Philip Baker from The Australian Financial Review explaining that price rallies in local share market are unsustainable unless there is a growth in earnings or if Australian dollar falls. International currency markets will only sell down the Australian dollar if there's an 'Australian sovereign event', which would be good for the economy. The local share market is unlikely to push ahead after recent gains with pair trades between the banks and miners dominating the index. View the video (VIEW LINK)