Australian dollar remains weak

David Llewellyn-Smith

Tuesday 10 October 2017

DXY was soft last night but a little more weakness will set up a beautiful inverse head and shoulders bottom:

AUD was weak anyway against both USD and EUR:

But better against 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.