Australian dollar breaks again amid bank blood bath

David Llewellyn-Smith

Friday 27 April 2018

The Aussie dollar has taken out new lows this morning and is headed for crucial support at .75:

Bonds are bid:

XJO is up a little:

Mostly on dirt:

As Dalian holds:

Big Gas is roaring on the Iran trade:

Big Gold is holding on the falling AUD despite weak gold:

The bank bloodbath rolls on with new lows today across the sector. WBC has broken crucial support. CBA is approaching it:

Big Puswad is still deluded. REA is trading on Nasdaq not local realty:

Strayan exceptionalism is breaking. Avagoodweekend.

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.