Australian LNG Australian Shares Gold Iron ore price

Yuan sinks, dirt paper rises

David Llewellyn-Smith

Monday, 21 November 2016

The yuan has hit a new fixing low today:

And lo! Bulk paper responds, nearly reversing big losses Friday night:

So far Big Iron is still off with BHP flat, RIIO -0.5%, FMG -1.9% and WHC bouncing 3.3% on CS hopium:

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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.