US dollar dumps, Australian dollar pumps, ASX frumps

David Llewellyn-Smith

Wednesday, 24 January 2018

DXY is weak across Asia but the AUD/USD is resisting going higher:

Local bonds are also bid:

And XJO is hanging on for what that’s worth:

Dalian rebounding a little:

But Big Iron is down despite some big Macquarie price upgrades:

Big Gas is up as the ravaging of the east coast economy pays dividends for STO:

Big Gold is doubting it’s own luck:

Like clockwork, Big Sleazy is up as yields fall:

Big Puswad is dead cat bouncing:

Still lagging all and sundry.

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.