Australian dollar slammed to new lows, ASX stuck

David Llewellyn-Smith

Tuesday, 21 November 2017

Aussie is trading at new lows post-RBA minutes:

Bonds are still bid:

But the ASX can’t manage more than a whimper, though support is holding:

Dalian is firm:

Big Iron meh:

Pensioner Killers still cock-a-whoop:

Nothing can stop Big Gold, not even falling gold:

Big Sleazy is down on APRA tightening:

Big Dirtbag is soft as well with FXJ sinking post-float:

Time to sack some more writers.

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.