Rampant USD routs emerging markets

David Llewellyn-Smith

Monday 14 November 2016

It’s risk on and risk off all at once. The US dollar ripped to new highs Friday night and all other majors tanked:

Commodity currencies were monstered:

Gold broke:

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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.