Global stocks surge as Australian dollar sags

David Llewellyn-Smith

Thursday 1 November 2018

DXY was up last night. CNY down and EUR looks stuffed:

The EUR chart is shorter’s dream with a large head and shoulders top freshly broken:

AUD was down against all DMs:

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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.