Australian dollar back to 76 cents on rush of good data

Monday, 4 June 2018

Just when you thought it was safe to bearish again, good Aussie data (GDP partials, job ads, retail sales, monthly inflation) has boosted the AUD above 76 cents:

Bonds are flogged:

XJO is up:

Adding a note of sadness, Dalian is down:

But Big Iron is flying anyway:

Big Gas is down:

Big Gold is up as DXY fades:

Big Scum is fighting to recapture critical support:

Big Realty is meh:

Remember, good news is bad news for stocks!

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.