Australian recession Commodities Global Macro

Mining GFC simmers as folks fight the Fed

David Llewellyn-Smith

Monday 30 May 2016

As Janet Yellen hawked up a bit and US data was solid, the US dollar rocketed Friday night:

Yen and euro hit new lows:

Gold was pole-axed and if the US dollar really gets going then I’d be a buyer as it falls:

tvc_6dff7fc811334ab20ace7fe9bdb58f31 (1)

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.