Australian dollar rips to 0.70 cents with everything China

David Llewellyn-Smith

Thursday, 27 June 2019

The Australian dollar is punching towards 0.70 cents this morning:

Bonds are getting absolutely smashed:

XJO is flat:

Dalian is romping higher:

With Big Iron:

Not so much Big Gas:

Big Gold is falling:

Big Banks are hanging on but if this China trade deal trade runs they’re going to get clubbed like baby seals as yields rise

Big Realty is far from confident:

It’s the everything China rally as the trade war “ends”. Good luck with that.

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.