China clubs yuan lower

David Llewellyn-Smith

Wednesday 27 June 2018

AUD is soft through the morning:

Bonds are sold:

XJO is up modestly:

CNY is still in free fall as the PBOC fixing bashed it lower:

Dalian is firm:

Big Iron up:

The Big Gas bull market rampages on:

And Big Gold:

The Big Mortgage bear market rally has stalled with bonds:

And Big Realty plods on:

We’re all Xi Jinping now:

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.