Advertisement
Markets are delicately poised, listened attentively to the ‘click, click’ of a pair of crochet needles in New York. The US dollar firmed a little and is right in the middle of a neutral symmetrical triangle:
Of other majors, the yen remains firm, others not so much!
Advertisement
Commodity currencies are holding their breath:
The full text of this article is available to MacroBusiness subscribers
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.