Australian dollar shoved to the precipice

DXY is up and away and last night it was X-date trouble, not solutions that did it:

AUD has been shoved right to the precipice:

Gold fell, oil rose:

Commodities are screaming global growth trouble ahead:

Miners are at the cliff’s edge too:

EM stock yawn:

EM junk is bleeding out:

As CNY projective vomits through Chinese warnings:

The Treasury curve was steamrolled again:

And stocks finally puked:

That is one toxic mix:

• X-date risks bidding DXY;
• Chinese recovery draining away and opening the CNY trapdoor;
• European PMIs were shit adding to both;
• commodities warning;
• yields tracking the AI bubble higher, which has ensured stocks have priced no risks.

AUD is going over the cliff in my view. And it may well take the broader risk rally with it.