DXY fell away last night as EUR caught a bid for no reason and CNY bounced:
That was enough to drive the Australian dollar higher against DMs:
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It was mixed against EMs:
Australian dollar lifts with global stock surge
David Llewellyn-Smith
Wednesday 13 February 2019
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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.
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