I guess it depends how you define rich. One explanation for the USD effect is that dollars are in short supply as they are needed to pay down debt.
Either way a bit of a bubble is developing and the opposite with commodities, a lot of which are now selling below the marginal cost of production. Another side effect is that the Chinese USD reserves have seriously expanded in relation to the price of the raw materials that they need. Just waiting for them to open the purse strings...
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |