Australian Dollar Australian recession Commodities Global Macro

Mining GFC doused by resurgent oil

David Llewellyn-Smith

Monday 11 April 2016

The Mining GFC was doused again Friday night. The US dollar was weak and looks set for downside tests at 93 cents:

The euro and yen were strong though markets were not bothered by it this time:

Commodity currencies roared though the Aussie less than some:

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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.