Australian banks Australian Dollar Australian LNG Australian Shares Commodities Gold Iron ore price

Surveying Trump’s market carnage

Wednesday, 9 November 2016

Let’s run through the big market moves as Donald Trump closes in on victory. Major FX sees the USD smacked, EUR, JPY and CNY up:

That makes no sense to me at all. given the US will be fine, it is everyone else that is going to cop it.

Commodity currencies are getting hammered with the Aussie taking its share:

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.