Is the Australian dollar an America, Europe or China proxy?

David Llewellyn-Smith

Tuesday 13 April 2021

It was an evening of paralysis for the Australian dollar as markets wait for key US data. The same goes for DXY:

The Australian dollar was overall weak versus developed markets:

Westpac has the data wrap:

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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.