Australian banks Australian LNG Australian Shares Commodities Iron ore price

Aussie dollar pounded again as Dalian plunges limit down

Wednesday, 27 April 2016

The Aussie is taking an absolute bath as following the CPI, Dalian iron ore futures are crashing limit down for the second day:

Big iron is holding up pretty well in the circumstances with BHP up 0.7%, RIO -0.6, and FMG -1%:

Big gas is mixed despite firm oil with WPL -1.4%, OSH 0.7%, STO 2.4%, ORG 3.5% and LNG -3.3%:

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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.