Deutsche: Sell Australian dollars hard

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The Aussie is fighting manfully against the USD rocket as commodities hold up on the Chinese futures bubble and it is downright powerful on the developed economy crosses:

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But Deutsche has some very good advice:

A fortnight after the US election, we expect continuing weakness in the dollar bloc. While we would sell the entire bloc against the US dollar, we argue that the outlook remains most bearish for the Aussie.

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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.