Australian dollar hot, ASX not as mid-terms rile

David Llewellyn-Smith

Wednesday 7 November 2018

Aussie dollar all over the joint as US mid-terms play out. Now at 72.28:

Bonds bid:

ASX down modestly:

Big Iron down:

Big Gas too:

Big Gold mixed:

Big Banks finally getting some dead cat action:

No such luck for Big Realty:

Mid-terms still too early to call:

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.