Mining GFC cools on soft US dollar

Advertisement

The Mining GFC took a breather last night as the US dollar cooled on weak retail earnings:

tvc_17c3a04c308d4329e247b7698e2ecf27

Yen and euro bounced:

tvc_5744e3999da9399246aa368dc5f8ceb6

Commodity currencies too:

Advertisement
tvc_021022b0391f842ec58ff83cc469314f

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.