Australia dollar resumes tumble as risk pukes

DY fell sharply Friday night as EUR rose and CNY fell:

The Australian dollar resumed its decline across DMs as risk puked:

EMs were worse:

Gold was strong:

Oil held on:

Metals didn’t:

Nor miners. Goodbye RIO:

EM stocks fell:

Junk lifted with oil:

All bonds fell:

And stocks too:

The global economy keeps on slowing across countries and metrics. China is struggling to lift:

Europe is sinking still:

The US is trailing both down:

Trade war impacts get much worse for years yet:

Trade indicators like bunker fuel, used to to power ships, are cratering:

And less trade means less demand for the Australian dollar. Much less:

More Australian dollar weakness ahead as risk pukes into weakening global growth.