Australian dollar dead cat bounces

Thursday 22 July 2021

The forex complex enjoyed some more relief overnight as DXY weakened and everything followed suit in usual fashion. EUR lifted:

The Australian dollar finally dead cat bounced:

Oil blasted higher after days of Wall Street begging:

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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.