Australian dollar shoved to the precipice

au.investing.com/analysis/australian-dollar-shoved-to-the-precipice-200566769

By David Llewellyn-Smith | May 24, 2023 09:36

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DXY is up and away and last night it was X-date trouble, not solutions that did it:

AUD has been shoved right to the precipice:

AUD

Gold fell, oil rose:

Commodities are screaming global growth trouble ahead:

Miners (NYSE:RIO) are at the cliff’s edge too:

EM stock (NYSE:EEM) yawn:

EM junk (NYSE:HYG) is bleeding out:

As CNY/USD projective vomits through Chinese warnings:

The Treasury curve was steamrolled again:

And stocks finally puked:

That is one toxic mix:

X-date risks bidding DXY;
Chinese recovery draining away and opening the CNY trapdoor;
European PMIs were shit adding to both;
commodities warning;
yields tracking the AI bubble higher, which has ensured stocks have priced no risks.

AUD is going over the cliff in my view. And it may well take the broader risk rally with it.

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Central Banks

Interest Rates

Next Meeting

RBA

4.10%

Apr 01, 2025

BOE

4.50%

Mar 20, 2025

ECB

2.90%

Mar 06, 2025

FED

4.50%

Mar 19, 2025

SNB

0.50%

Mar 20, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

S&P/ASX 200	8,245.70	+73.30	+0.90%
ASX 200 Futures	8,164.5	+24.5	+0.30%
ASX All Ordinaries	8,478.80	+74.90	+0.89%
US 500	5,877.6	-76.8	-1.29%
Dow Jones	43,318.44	-522.47	-1.19%
China A50 Futures	13,161.5	-74.5	-0.56%
Dollar Index	106.650	-0.908	-0.84%

Crude Oil WTI	68.22	-1.54	-2.21%
Natural Gas	4.127	+0.293	+7.64%
Gold	2,891.66	+43.16	+1.52%
Silver	32.085	+0.589	+1.87%
Copper	4.5830	+0.0350	+0.77%
US Sugar #11	18.27	-0.25	-1.35%
US Coffee C	384.80	+11.75	+3.15%

Australia 10Y	4.344	+0.009	+0.21%
Australia 5Y	3.882	+0.013	+0.34%
New Zealand 10Y	4.537	+0.035	+0.89%
U.S. 10Y	4.174	-0.055	-1.30%
Japan 10Y	1.400	-0.004	-0.28%
China 10Y	1.775	-0.007	-0.39%
Singapore 10Y	2.746	+0.007	+0.26%

CSL	262.00	+1.43	+0.55%
Woolworths	30.070	+0.060	+0.20%
ANZ Holdings	29.760	-0.030	-0.10%
Commonwealth Bank Australia	157.130	+0.390	+0.25%
Telstra Group	4.220	+0.080	+1.93%
National Australia Bank	35.320	+0.020	+0.06%
BHP Group Ltd	39.600	+0.560	+1.43%

Australian dollar shoved to the precipice

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