Australian dollar steals the ASX upside

David Llewellyn-Smith

Tuesday, 28 August 2018

The AUD is roughly flat through the morning:

Bonds are getting the treatment:

Stocks are up a little:

Dalian has opened soft:

Big Iron is up:

Big is mixed:

Big Gold is not a believer:

Big Mortgage is still a long way down on Coalition crazies:

As usual, when the world rallies the AUD steals the upside.

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.