Australian Dollar Global Macro US Economy

All the way with the USA, Australian dollar smashed

David Llewellyn-Smith

Friday 27 October 2017

DXY has delivered on the promise of its bullish inverse head and shoulders chart. We’re off and running now:

AUD was pounded power against USD but rose against an even more weak EUR:

EMs were even weaker than 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.