Australian dollar falls as Trump rises

DXY was flat:

AUD has resumed its fall:

CNY has rolled:

Oil splat:

Base metals sag:

Big miners are breaking down:

EM bust:

Junk is starting to warn:

Yields rolled:

Stocks flamed out:

Donald Trump gave a long and interesting interview to Bloomberg in which he celebrated a new strong dollar policy:

Trump was very strong on tariffs and repatriating production to the US.

All inflationary and DXY positive.

The latest odds in the swing states are a complete toss-up:

Neither markets nor AUD are not priced for President Trump 2.0.

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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.