Australian dollar sinks on trade war acceleration

David Llewellyn-Smith

Monday, 24 September 2018

AUD gapped lower this morning and has held the losses as S&P500 futures are soft:

Bonds are bid:

XJO is down modestly:

Big Iron is hit:

Big Gas is up:

Big Gold hosed:

Big Mortgage defaulting:

Big Puswad going sideways:

More trade war = sell Straya.

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.