Why everybody loves the Australian dollar

Thursday 7 May 2026

DXY is being whittled away as EUR hurtles towards a recession and grounded aircraft across the continent. Say what?

AUD is getting a lift from North Asia as Japan intervenes, not terribly successfully. Could markets break the BOJ as oil hits $200?

The good and evil twins of the war.

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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.