DXY was again right at the break out point of its very neat head and shoulders bottom:
AUD was pounded lower for which have to thank Jacinda Ardern as the NZD was crushed:
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EMs were also weak:
Welcome to the bubble in everything!
David Llewellyn-Smith
Wednesday, 25 October 2017
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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.
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