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No doubt you are aware that the ASX is taking some heat today (down nearly 2% now). But there are some big moves in broader markets as well that add up to one simple theme, get out of euro and risk. First the euro on the crosses:
Euro/dollar:
Oil:
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S&P futures:
Gold:
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.
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