No wonder it was to see the retention rate in Australia at the level of 4,75%, which the Central Bank has described as "moderately restrictive". This followed a steady tightening cycle to 3.0% in late 2009. As well as the impact of events in Japan and floods in Australia, the strengthening AUD on the Forex is also a subject of debate. Aussie rose 13% from lows (closing) after the earthquake in Japan. From the levels before, AUD strengthened by 5%. Last week we noted that the appetite for the debts of the Australian government have been particularly strong, and auctions of the first quarter were significantly oversubscribed. The fact that the AUD / USD broke through a corridor 0,99-1,02, which dominated in the first quarter, drew a lot of heed to the Aussie, especially from foundations, trading with leverage.
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