See the latest Australian dollar analysis here:
As the market realises that Phil Lowe is going to cut after all:
It’s a slow dawn though as bonds still have plenty of room to rally:
Unemployment is rising before the coronavirus hit. Do I need to paint a picture?
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.
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.
Latest posts by David Llewellyn-Smith (see all)
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Macro Afternoon
The mixed mood on markets is moving to the positive side, outside
MB Radio: Irresponsibility becomes the new black
Ahead of the anticipated announcement of the
Macro Morning
Hopium is wafting back into risk markets as
Australian dollar upside gone
DXY reversed lower last night after its big
Wow, eleventy year low! Neat.
Anyone know the GFC low ?
Shouldn’t you remember this, forex-trader-man?
I wasn’t in the fx market at that time
You sound a little upset because you know you are going to lose that friendly bet
No way, man. I’m on track to win.
0.637
So, April 2001 0.4776 and Oct 2008 saw 0.6006 as lows.
I went on a holiday to the US in 2001 – I think I was the only strayan there
SAS
If we touch GFC lows again there won’t be much overseas travel going
Half won’t travel because of CV.
The other half won’t be able to afford it
IncorrecT
Bought my first MacBook after schlepping through the fog at Mt High thank Christ I had epic epic snow at Louise and Sunshine
Well, no one’s perfect. We can forgive that. But buying the second one?
That just makes you a dumb cnut.
Thanks G, I though we went into 50s
From memory AUD/USD went to about 48c in the dot-com boom.
Since I have moved to the US, it’s moved from ,8115 to .6623 (today). Noice.