Australian dollar sinks with Europe

David Llewellyn-Smith

Friday 14 June 2024

DXY is trending higher. EUR is sinking:

AUD is down though up in EUR:

CNY is sliding inexorably:

Oil and gold firmed:

Metals lose out:

Miners too:

EM holds on:

Junk stalled again:

Despite tumbling yields:

Stocks have bifurcated around EU shocks:

French assets are being hosed as National Rally is the clear polling leader for the June 30 election:

Equity vol is exploding:

Sacre bleu French spreads:

Forex vol is exploding:

If the panic grows, AUD will fall sharply.

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.