DXY isn’t going away as Trump cancelled a Friday meeting with Tehran.
Australian dollar fell but remains strong.
CNY is supportive. JPY is about to become a problem again.
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Australian dollar takes a holiday to Europe
David Llewellyn-Smith
Thursday 5 February 2026
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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.
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