Australian dollar flames out as emerging markets bashed

David Llewellyn-Smith

Friday 18 May 2018

DXY resumed its march higher last night as EUR was sold heavily:

The AUD’s whacko post-weak wages and jobs jump flamed out:

But it can’t keep pace with EM downside:

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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.