Australian Dollar Australian interest rates

Australian dollar into the 73s as bonds run

David Llewellyn-Smith

Wednesday 8 July 2015

Markets continue to follow the MB script today with the Aussie now into the 73s:

As bonds are bid strongly with yields falling sharply back from last month’s false panic:

The slope remains absurdly out of step with economic prospects as the long end is being held up the Fed:

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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.