Australian dollar slows as oil wrecks risk

David Llewellyn-Smith

Tuesday, 31 May 2022

DXY eased again overnight but how far it can get is an open question given is wrecking “risk on” hopes:

AUD was firm again with US markets closed:

Oil is a very big problem for bulls:

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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.