Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Dirt dumped as yuan craters to new low

Thursday, 15 December 2016

Apologies for this being late today. Had to slip away and watch a matinee session of Rogue One. Better than Force Awakens, I thought.

Dirt has copped a hiding today as the yuan crashed to new lows:

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Undeterred, Banana Man has piled into iron ore futures again:

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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.