Australian dollar says Harris!

David Llewellyn-Smith

Monday 4 November 2024

DXY is down this afternoon:

AUD is up for Harris!

North Asia too:

Gold and oil meh:

Commods firming:

Miners too:

EM not so much:

Junk not update:

Aussie bonds have priced out all easing. This is hysteria:

Stocks firm:

It’s Monday afternoon for Harris in the US election.

Far from decisive but after a month of Trump derangement syndrome in markets, the late swing to Harris is back on.

If only AUD voted.

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.