Monday, June 20, 2011

Central Banks switching out of US $ into Aud$

Snapshot Summary
-------------------------
. Central banks readjusting their foreign reserves portfolio.
. Selling US treasuries for Aussie Treasuries.
. Aud Treasuries are ought after by default.
. Euro ? No
. China ? No
. Japan ? No
. Aussie : High Yield. Aussie dollar : fundamentally strong.


http://www.theaustralian.com.au/business/central-banks-buy-up-australian-dollar-bonds/story-e6frg8zx-1226078832207

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