Australian dollar surges through 74 cents

David Llewellyn-Smith

Monday, 30 November 2020

The Australian dollar is off and running again this morning:

Aussie yields are pancaked:

XJO is flat:

Big Iron is reaching for the stars again:

Big Gas is shrugging off OPEC shenanigans:

Big Gold continues to flush the weak hands:

Big Banks are mixed without the curve steepening:

Big Tech is firm for the same reason:

As the US virus comes under control we can expect the steepening to resume along with the value rotation and strong AUD for a little while.

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.