Australian dollar hammered into 60s

Wednesday 30 September 2026

DXY is stalling at resistance, but EUR will push it through all things equal.

AUD was hammered again. It is starting to get stretched versus the Chinese mothership but can go lower still if it feels the urge.

The twins are falling in tandem. Nibble on gold here?

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.