Australian dollar pulverised to new 2023 low

au.investing.com/analysis/australian-dollar-pulverised-to-new-2023-low-200566998

By David Llewellyn-Smith | May 25, 2023 09:15

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AUD/USD

-0.04%

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XAU/USD

+0.05%

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EEM

+0.89%

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Gold

-0.07%

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LCO

-0.18%

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ESM3

-0.01%

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RIO

+1.19%

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DXY

+0.02%

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DXY is up and away:

AUD is at a new 2023 low and in free fall:

AUDUSD

Gold is in trouble. Oil is bid:

I hope you’re enjoying Zoltan’s and Goldman’s “commodity super cycle”:

Miner (NYSE:RIO) touched the void:

EM (NYSE:EEM) stands for Exit Markets:

Treasuries are pricing out Fed cuts as the AI bubble runs riot. The curve is being daisy cut:

Stocks no likee:

What can I tell you?

runaway AI bubble;
inflation far too strong and Fed restive in the minutes;
X-date upon us with liquidity drain on deck, either way;
small bank credit crunch marching on;
Chinese L-shaped recovery in property the end for commodities, with no stimulus either, and
Europe headed into recession with a bullet.

That’s a lot of risk with very little pricing of it. Especially so, given markets are all positioned for a weak US versus a strong world.

Onwards and downwards for AUD.

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06.06.23 Macro Afternoon By Chris Becker - Jun 06, 2023

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Central Banks

Interest Rates

Next Meeting

RBA

4.10%

Jun 06, 2023

BOE

4.50%

Jun 22, 2023

ECB

3.75%

Jun 15, 2023

FED

5.25%

Jun 14, 2023

SNB

1.50%

Jun 22, 2023

BOC

4.50%

Jun 07, 2023

RBNZ

5.50%

Jul 12, 2023

BOJ

-0.10%

Jun 16, 2023

CBR

7.50%

Jun 09, 2023

RBI

6.50%

Jun 08, 2023

PBOC

3.65%

BCB

13.75%

Jun 21, 2023

S&P/ASX 200	7,131.20	+1.60	+0.02%
ASX 200 Futures	7,140.0	-24.0	-0.34%
ASX All Ordinaries	7,321.40	+1.50	+0.02%
US 500	4,284.4	+0.5	+0.01%
Dow Jones	33,573.28	+10.42	+0.03%
China A50 Futures	12,425.0	-93.0	-0.74%
Dollar Index	104.080	+0.006	+0.01%

Crude Oil WTI	71.66	-0.08	-0.11%
Natural Gas	2.260	+0.001	+0.04%
Gold	1,980.05	-1.45	-0.07%
Silver	23.640	-0.030	-0.13%
Copper	3.7700	+0.0035	+0.09%
US Sugar #11	24.66	+0.26	+1.07%
US Coffee C	184.08	+0.98	+0.54%

Australia 10Y	3.836	+0.023	+0.60%
Australia 5Y	3.661	+0.034	+0.94%
New Zealand 10Y	4.473	+0.015	+0.33%
U.S. 10Y	3.668	-0.031	-0.85%
Japan 10Y	0.418	-0.007	-1.65%
China 10Y	2.720	+0.005	+0.20%
Singapore 10Y	2.909	+0.009	+0.31%

CSL	310.11	+2.39	+0.78%
Woolworths	37.590	+0.140	+0.37%
ANZ Holdings	22.650	-0.090	-0.40%
Commonwealth Bank Australia	96.060	-0.500	-0.52%
Telstra Group	4.350	+0.030	+0.69%
National Australia Bank	25.510	-0.250	-0.97%
BHP Group Ltd	43.910	+0.310	+0.71%

Australian dollar pulverised to new 2023 low

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