Australian dollar thumped on mortgage miss

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Go peso, go peso, go peso:

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Soft mortgage data (market expected 2% not 08%) bunted us briefly to 93.8 cents, back at 94 cents now…According to the DFM, technically, 93.77 cents is the last stop before the low 80 cent range…

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.