Chinese credit explosion launches Australian dollar

David Llewellyn-Smith

Monday 18 February 2019

DXY was weak Friday night. Unusually, so was EUR:

The Australian dollar jumped against the USD but held elsewhere:

CFTC data is still lagging badly but mid-January numbers still had the AUD moderately short at -37k contracts:

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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.