China beef ban smacks Australian dollar

Tuesday 12 May 2020

And there you have it, ban away:

And the result will be a lower AUD over time, lifting all other export revenues and making us more competitive in other markets that don’t come with “no freedom for you” strings attached.

Thanks China!

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.