Australian dollar bashed as US/China trade talks collapse

David Llewellyn-Smith

Monday 6 May 2019

The Aussie dollar is bouncing around at its gap down:

Bonds are heavily bid:

Stocks have recovered some ground for no apparent reason:

As S&P futures are pounded:

Shanghai smashed:

Big Iron is down:

Big Oil too:

Big Gold isn’t much better:

Big Banks are following:

But Big Realty finds a US/China trade apocalypse agreeable:

Trump tweet, China cancels trip. It appears the trade deal is deep peril.

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.