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The Trump stimulus is becoming more clear, as are its winners and losers. Winner number one is the USD with the DXY poking its head above 100 for the first time in nearly a year. Zombieuro is on the verge of breakdown, JPY is tumbling CNY getting slammed:
Commodity currencies were bashed too, except the Aussie:
And it’s no wonder!
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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.
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