Australian Dollar Commodities Global Macro

Australian dollar soars on Bremain party

David Llewellyn-Smith

Friday 24 June 2016

Markets know the result of the Brexit vote in advance apparently and it is “stay” so the US dollar fell:

Euro and yen were also weak:

Commodity currencies went nuts with the Aussie breaching 76 cents. However, it no more or less excited than the basket (Aussie just below zero):

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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.