Australian dollar at the cliff as greenback surges

David Llewellyn-Smith

Thursday 1 July 2021

Forex markets are braced for the forthcoming US jobs report. DXY looks ready to break out again as EUR swoons:

Australian dollar fell to new lows but held off the worst of it:

Gold bucked the trend as oil fell:

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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.