Trump issues $200bn Australia dollar sell signal

David Llewellyn-Smith

Wednesday 11 July 2018

And markets are listening. The AUD is copping it:

Bonds are bid:

XJO is down solidly:

CNY is getting smashed:

Shanghai is all red:

Copper is mashed:

Iron ore and coking coal too:

Big Iron is dumped:

And Big Gas:

Gold is mixed:

Big Mortgage down sharply:

Big Realty is a big yawn:

I am beginning to wonder if Trump really is in this for the Big Confrontation.

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.