Black swan gauntlet lifts a little

David Llewellyn-Smith

Wednesday 5 October 2016

Last night the US dollar was stable:

But other majors were especially JPY. Markets may be waking to my view that the BoJ is not done:

Commodity currencies were generally firmer:

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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.