Australia dollar at the brink as ASX struggles

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AUD is weak in the Asian session as DXY piles it on. It’s only 15bps above new lows for the move:

Banana Man is back in Dalian:

Big Iron ore is bid again as RIO roars into its breakout. BHP is set to join it. FMG ain’t:

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Pensioner Killing to the moon!

Big Gold is soft:

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Big Sleazy weak as WBC gets pounded:

Big Pigdog is up. MEA clubbed while listings firms roar makes no sense to me:

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ASX200 is making heavy weather getting past post-GFC highs:

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.