Capital flows are good now. The sun is shining and the country is lucky. But if we’re right and the strong Aussie dollar is mostly a function of the U.S. dollar carry trade, capital flows can reverse just as quickly. Currency traders probably love this because of the volatility. But the question is: how risky is it for Australia’s economy to source so much of its borrowing needs overseas?
November 18th, 2009 | Dan Denning | 3 comments | Continued
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