Forex
AUD Free Falls Amid Global Currency Turmoil
The Australian dollar has entered a free fall in recent days, according to MacroBusiness.
The AUD's decline is part of a broader trend in currency markets, with the DXY index perched at its breakout line and the EUR having broken through its breakdown line. Meanwhile, North Asia's currencies are holding relatively steady.
Oil and gold prices have also been notable, forming what David Llewellyn-Smith refers to as a 'disinflation pair.'