Australian Dollar Commodities Global Macro

Has the Australian dollar peaked?

David Llewellyn-Smith

Monday 14 August 2017

Markets have seen some geopolitical volatility over my two week break. DXY has firmed while EUR has softened:

The Aussie has been whacked against both:

But has done better against other EMs:

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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.