Diving dollar delivers ASX bid at last

David Llewellyn-Smith

Friday 6 October 2017

The Xenoponzi bombshell rocked the Aussie dollar:

And that has helped finally deliver a bid to the busted ASX:

Big Iron is roaring (straight towards a cliff edge in my view):

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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.