Australian recession Commodities Global Macro

Mining GFC, Brexit versus Fed

David Llewellyn-Smith

Thursday 16 June 2016

A pansy Fed hit the US dollar though I put it to you that were it not for Brexit it would fallen a lot more:

Yen is firm, euro weak:

Commodity currencies all jumped:

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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.