Australian dollar hits post-virus highs on Fedflation

David Llewellyn-Smith

Friday 28 August 2020

DXY was roughly stable last night. EUR too:

But not AUD. One could be forgiven for thinking it is the American currency:

Gold was all over the place but ended down:

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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.