Australian dollar free falls as trade war strikes back

David Llewellyn-Smith

Friday, 2 August 2019

DXY was down last night, EUR bounced but CNY was hit:

The Australian dollar crashed against DMs to decade closing lows:

But could not fall fast enough to outpace EMs:

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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.