Australian dollar hits new post-GFC low

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Nor sure why:

The bond bid is in again as well.

S&P futures turned south or maybe an investment bank just declared RBA action imminent.

Can’t find any obvious trigger (beyond the obvious).

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.