Australian dollar chases inflation shocker

Thursday 26 February 2026

DXY traded sideways as the American madman couldn’t stop loving the sound of his own voice with the longest SOTU ever. It said nothing of importance.

CNY is off, and AUD will trail it.

No Iran war and oil tumbles. Gold up for no reason tall.

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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.