Australian dollar falls as Aussie bonds catch a bid

David Llewellyn-Smith

Thursday 22 November 2018

AUD is down during the day as ANZ shook up interest rate markets:

Aussie bonds are well bid:

XJO is off the canvas:

Big Iron is mixed:

Big Gas dead cat:

Gold off:

Big Bank dead cat:

Big Realty dead cat:

Just wait until the market wakes up to the RBA’s utter stupidity. Bonds to fly!

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.