Australian dollar swoons as Fed hawks up

David Llewellyn-Smith

Monday, 25 October 2021

DXY was firm on Friday night and EUR soft:

The Australian dollar was weak again:

We got a good flush of shorts last week back to -76k but positioning remains very negative:

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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.