Australian Dollar Commodities Global Macro

Aussie dollar screams higher with China stimulus hopes

Monday 4 July 2016

US markets were closed last night but its dollar eased:

Yen and euro and stalled but yuan hit another new low:

Commodity currencies were generally weak, except the Aussie and Loonie. The only thing I can put it down to is another big iron ore lift on Chinese stimulus hopes:

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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.