Australian dollar thumped to eleven year low

David Llewellyn-Smith

Thursday 20 February 2020

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?

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.