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17,482 Posts.
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05/10/13
10:32
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PETE
The only problem with the POG in AUD is when the U.S. dollar keeps falling from economic collapse and AUD doesn't.
The USD is now down to 97.48jpy and 94.35aud.
There is usually a reaction to strengthen the USD when it hits 98jpy but it hasn't this time.
U.S. TBonds are starting to rise again albeit very slowly.
10 Year 2.64%
30 Year 3.72%
Consumer interest rates don't seem to be responding to the rising yield as they should do. Maybe there is no one at work to change the prices?
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