Australian Dollar Australian Shares Global Macro

Australian dollar weak again

David Llewellyn-Smith

Tuesday 24 October 2017

DXY spent the night trying and failing to break out:

AUD was soft against DMs:

But strong against EMs. At least, strong against other iron ore currencies which is a warning for AUD:

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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.