The incredible sinking Australian dollar!

David Llewellyn-Smith

Thursday, 19 December 2013

Go you good thing, now firmly below it’s former three year low…

The way I read the longer term chart, there’s no support before just above 80 cents!

Though I’m not hopeful of that unless trouble strikes.

We’re also hitting new lows versus the pound:

And euro:

We’re holding up versus the yen today though still within a big downtrend.

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.