Bill Evans is RIGHT!

It seems Westpac chief economist Bill Evans has a strong following in the trading universe with his dual call of a rally in the Aussie dollar and a 15% surge in iron ore finding traction. The Aussie rallied from a low of 0.8649 yesterday to hit a high of 0.8787 after buyers moved in and the Chinese trade data suggested an economy much stronger than many thought. …Maybe Bill Evans is right – so far he has the Aussie and iron ore on a string.

A quick reminder that Bill Evans is calling for a 30% rise in iron ore and the AUD at 90 cents by the end of next year. Two days in and it’s on track. Carn Greg!

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.