Australian dollar sags, ASX booms!

David Llewellyn-Smith

Friday 27 July 2018

The AUD is still soft:

Bonds are bid:

XJO is nudging 10 year highs:

Banana Man is back in Dalian:

BHP is powering on its shale sale but wider iron isn’t buying it:

Big Gas is up:

Big Gold not so much:

Big Mortgage is happy as yields fall:

And Big Puswad is marching along:

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.