Big iron rallies as dollar fades

Friday 29 May 2015

Big iron is up today as the weak dollar and bond bid boosts shares. BHP and RIO are both up 1.5% but FMG is down 2% on the spot price sell off. To the indexes:

The idiocy spreads are still flat:

The juniors are stable but BCI is fading again:

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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.