Fed spikes Australian dollar again

David Llewellyn-Smith

Thursday, 12 October 2017

DXY slumped after Fed minutes and now has the perfect head and shoulders bottom set up which may prove meaningless:

AUD jumped but is still broadly weak against EUR:

And 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.