Is the Japanese Quake Bullish or Bearish for the AUD?
March 16, 2011 at 10:15 AM EDT
Two competing factors has made assessing the impact of the Japanese earthquake on the Australian economy and the Australian dollar difficult. First, Japanese investors hold approximately $60 billion in Australian assets and own an additional $15 billion worth of Australian Uridashi bonds, which are denominated in Australian dollars but sold directly to Japanese investors. The [...]