Australian dollar rallies with risk, sinks ASX

David Llewellyn-Smith

Friday 13 July 2018

AUD is bid through the morning as risk rolls:

Bonds are sold a touch:

XJO too:

Dalian is a nothing burger:

Big Iron is still soft:

Big Gas firming:

The Big Gold trend is solid:

Big Mortgage is hit as yields lift:

Big Realty is meh:

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.