Australian banks Australian Economy Australian LNG Commodities Gold Iron ore price

ASX at the brink as Australian dollar rips to 81 cents

David Llewellyn-Smith

Friday 8 September 2017

Dalian is firm today but going nowhere really:

AUD is rampaging towards 81 cents:

Which is capping Big Iron:

And Big Gas:

Big Gold is mixed:

Big Sleazy is at new lows:

Big Spruik is mixed:

The ASX is at the brink again of its descending triangle:

The rampaging AUD may push it off…

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.