Mining GFC retreats as US dollar breaks

David Llewellyn-Smith

Monday, 2 May 2016

The US dollar has broken down as charts have been suggesting for a while that it would:

The culprit is the yen which is ripping on BOJ patience. Euro is now threatening the same:

Commodity currencies are now on a tear though not the Aussie which has been saved from 80 cents (for now) by the CPI:

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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.