Australian recession Commodities Global Macro

Mining GFC hosed by oil mania

David Llewellyn-Smith

Tuesday 19 April 2016

The Mining GFC continues to fade as oil is bullet proof. The US dollar was weak:

So were yen and euro:

But not commodity currencies. The Aussie and Loonie are trading like conjoined twins:

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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.