Australian dollar, ASX stumble as yuan tumbles again

David Llewellyn-Smith

Friday, 29 June 2018

AUD is weak through the morning:

Bonds are bid and the long end is fraying:

XJO is down a touch:

CNY is down a lot as the PBOC falls off a cliff:

Dalian is OK:

So are Big Miners but FMG is telling a tale of rising risk:

Big Gas is off:

Big Gold still prefers AUD to AU:

Big Mortgage is flat:

Big Realty is off a little:

It will be interesting to see how much things weaken past the EOFY pump.

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.