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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: blazenzim who wrote (32641)4/8/2008 9:55:49 PM
From: Moominoid  Read Replies (2) of 219232
 
I've been gradually increasing my allocation to USD and reducing AUD over the last several months. I also bought a little RMB via the CNY ETF. The USD is overvalued against some East Asian currencies like RMB, Singapore Dollar but undervalued against almost everything else. Sometimes dramatically (Pound, Euro). I reckon purchasing power parity with the Aussie is about $US0.70. At least looking at tradeable goods. Some services - education and medicine are cheaper here (Australia) obviously though most other services are not (haircuts, bus rides etc.).
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