Australian dollar again dragged down by falling yuan

David Llewellyn-Smith

Friday, 6 July 2018

The AUD is soft through the morning:

Easy enough to see why. CNY is falling again:

As is Shanghai:

Dalian is holding:

Aussie bonds are bid. The long end continues to probe lower yields:

XJO is right at a new high:

Big Iron is enjoying a little relief rally:

Big Gas to the moon:

Big Gold not far behind:

Big Mortgage still enjoying those falling yields:

Big Realty meh:

It’s everything up today as China quietly falls into a deepening hole.

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.