Australian dollar, ASX tumble as futures fall

David Llewellyn-Smith

Tuesday, 23 October 2018

AUD has been copping it all morning as US futures wilt for no obvious reason:

Bonds are bid:

XJO is copping it too:

Big Iron is down:

Big Gas is hosed:

Big Gold is still firm:

Big Banks are falling:

And Big Realty is down on MEA:

Not much fun today.

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.