Australian dollar enters American Thunderdome

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Two candidates enter, one president leaves.

Two currencies enter, one currency leaves.

Will it be DXY or AUD.

The former:

AUD firmed a bit:

North Asia too:

Oil up as OPEC holds volume return, gold down:

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Base metals:

Miners meh:

EM meh:

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Junk is screaming risk-off:

Yields bid:

Stocks sell:

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As we enter the US election, it is all about a late swing in Kamala Harris:

She is comfortably ahead on the popular vote:

PA is now a literal dead heat:

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The mid-west blue wall has firmed:

Harris wins those three, AUD to the moon.

But PA may go long into the week and Trump make a complete mess of everything and AUD tuble with risk-off.

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.