Mining GFC hosed by oil mania

Advertisement

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

tvc_69e7a985ab221cd081a36fc084bd20e6

So were yen and euro:

tvc_9361371b9bcde3eff253df021e4df6d3

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

Advertisement
tvc_5f27157dac9d0ddfd5ef1ae5259d2fdd

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.