Australian dollar roars as Trump doubts return

David Llewellyn-Smith

Wednesday, 11 October 2017

DXY fell heavily last night (though it has set up a big head and shoulders bottom pattern):

AUD was strong against USD but weak against EUR:

And weak 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.