Markets torn between reflation and deflation

David Llewellyn-Smith

Monday 25 July 2016

The US dollar was strong Friday night and it is rolling higher:

And is it any wonder? Yen and yuan were soft and zombieuro weak:

Commodity currencies were pole-axed:

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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.