Markets wake in fright to the Janet hawk

Wednesday, 31 August 2016

As the clickety clack of crochet needles falls silent in New York it can only mean one thing, that Janet Yellen is out of here rocking chair and on the move. Thus the US dollar took off:

Other majors were thumped:

Not as much as commodity currencies:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.