Australian dollar well bid as ‘risk on’ persists

David Llewellyn-Smith

Tuesday 8 January 2019

The AUD is well bid all morning:

The bond bash is calming down:

Stocks are flat:

Big Iron is still charging:

Big Gas not so:

Big Gold has pulled back but given the near uniform push to sell DXY it has life short term:

Big Banks are still enjoying the dead cat:

And Big Property:

Risk still on.

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.