Costanza bull market hits new record

David Llewellyn-Smith

Thursday, 21 July 2016

The Costanza (do the opposite) bull market keeps on giving. The US dollar hit another new high then pulled back:

Yen and euro were spanked, yuan rebounded:

Commodity currencies were pounded:

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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.