Falling yuan lands on Australian dollar

David Llewellyn-Smith

Thursday, 19 July 2018

The Aussie is trying but largely failing to rally on today’s jobs numbers:

The big headwind is a tumbling CNY:

Bonds are weak:

And XJO firm:

Dalian too:

And Big iron:

Big Oil is down:

Big Gold is looking tired:

Big Mortgage wants to go higher still:

Big Realty is going nowhere:

If the CNY keeps falling so will the AUD.

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.