Australian dollar flies as ASX faceplants

David Llewellyn-Smith

Friday 27 March 2020

The AUD is still running hot:

Bonds are bid:

But the ASX is sagging:

Dalian is stable:

Big Iron down:

Big Gas up too much versus oil:

Big Gold is big shite:

Big Banks have rolled:

Big Realty is still lovin’ zero income:

Where this market goes next is anybody’s guess.

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.