Petrol reprieve on Australian dollar, Syria

David Llewellyn-Smith

Wednesday, 11 September 2013

The Aussie managed to poke it’s head above 93 cents last night:

And oil took a 2% beating on Russia proposed solution for Syrian chemical weapons inspections:

Delivering local relief at the pump:

In the next few weeks, we should see a new spike in price before falls to current levels around $1.50.

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.