DXY again pushed for new highs on Friday night but failed. It remains a very bullish chart: AUD was pulverised and broke key support. Look out below as the crosses cracked too: Oil was bid, sadly: Goldman’s commodity bubble is bursting spectacularly. The idea that you buy commodities as a hedge against commodities remains preposterous:
The post Australian dollar pulverised as commodity bubble bursts appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]