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Speaks for itself, really. The last time Capt’ Glenn told us the dollar was too high it was 91 cents. He’s just pushed it halfway back there, undoing some fine jawboning work. Fortunately I still think the dollar will remain under pressure with the emerging global dynamics, until our Janet begins the taper taper.
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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