Mirabile dictu: RBA sinks Australian dollar

David Llewellyn-Smith

Tuesday, 21 May 2019

For once in its life the RBA sank the Aussie dollar today (after APRA lifted it):

Bonds are bid again:

XJO is in heaven:

Dalian firm:

Big miners taking a breather:

Big Gas too:

Big Gold liked the lower AUD:

Big Banks are afire:

But Big Realty is getting hit by tech:

The Plunge Protection Team is unleashed.

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.