Australian dollar to parity on The Fourth Turning!
MacroBusiness Access Subscriber Only Content at 12:02 am on May 17, 2021 | 1 comment In the usual pattern of recent times, falling US yields bashed DXY lower and lifted commodities plus the Australian dollar. DXY up, EUR down: The Australian dollar jumped but it has taken some damage over the past week: Gold and oil lifted: Nor big miners: Junk debt was just fine: As US yields shook off the week’s inflation panic: Allowing stocks, especially growth, to rebound: As we move into a new week with DXY falling again let’s take a look at some research that will give USD dollar bears a hard-on. F...
Source: macrobusiness.com.au