Dalian crash sucks down ASX, Australian dollar

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It never rains but it pours. Dalian is trying not to fall completely out of bed today:

But the mini-cash has been enough to sink the Australian dollar. If we break 78 cents it’s on like Donkey Kong:

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Dalian has also pushed the ASX 200 back to the brink:

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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.