Australian Dollar Global Macro US Economy

Australian dollar whacked as Fed hawk rises

Tuesday 17 October 2017

DXY lifted last night and is nicely placed for an inverse head and shoulders bottom (which is meaningless unless it happens):

AUD was thumped against DMs:

And mixed 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.