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Australian dollar rejects negative yield spread abyss

March 13, 2019 - 12:10 -- Admin

The Aussie dollar continues to hold up against all rapidly deteriorating data today: Despite bonds soaring: The long end is grinding relentlessly towards the 1970s and, probably the 1960s as well: Yet the currency refuses to follow, basically for the first time since the float: The reason is the high terms of trade. Markets have

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