Australian dollar shocker looms
DXY appears weak. AUD now has a dual North Asian tailwind. Oil is pressuring gold. Base metals are blowing off. Miners not so much. EM stocks are hanging on. But US junk is breaking and will widen all crapola spreads in due course. This is a major warning signal for equities. The US 2-30 curve The post Australian dollar shocker looms appeared first on MacroBusiness .
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