Tuesday, February 26, 2008

Pimco boss props up the Australian Dollar


PIMCO Bill Gross said Australian government debt is more attractive than Treasuries because Fed policy makers are failing to tackle inflation. US policy makers, certainly in an election year, are unwilling to accept their medicine. The Australian Dollar beneifited on the and was trading at 0.9267 against the US Dollar with a high just sub 0.9300.

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