Australian dollar smash resumes

David Llewellyn-Smith

Wednesday, 26 November 2014

The Aussie smash resumed last night with a new four year low just above $85.10:

The iron ore crash is playing its part, as is good US growth, with bond rates falling faster in Australia:

The end result is the spread between US and Australian bond rates is on verge of breakdown:

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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.