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As European growth slides and China eases, firm US growth pushed its dollar to its highest in four months:
Yen and euro were soft, yuan rebounded on bets the PBOC is done for now (I’ll bet on a new low for the fix today):
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Commodity currencies were smashed:
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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.