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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (16835)	6/11/1999 9:15:00 PM
From: Moominoid	Respond to of 99985

THe AUD..almost tracks the YEN , % wise , the webs are a round about way to play currency moves. There has been quite a bit of variation in fact in the exchange rate over the last couple of years. Not much compared to both against the US dollar though. The WEBS might be round about theoretically but simple in practice to get international diversification especially for non-US based investors like us. Investing in US stocks is much easier than US mutual funds and yes you could open an AUD deposit account but then you have to go through the paper work. The idea is to get exposure to the stock market and expose some of the money to a possible currency move at the same time. Most of this portfolio is in UK government bonds and Sterling deposits. We moved some money into US dollar deposits and US stocks through a Schwab account when the Sterling was around $US1.70. Before then there was very little international diversification at all. David