Global rally flames out, where to now?

David Llewellyn-Smith

Wednesday 13 July 2016

And…it’s over. At least for now. The mad post-Brexit rally stalled overnight just because. The dollar eased slightly:

Yen, euro and yuan were roughly stable as well:

Commodity currencies were mostly stronger:

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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.