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After a weak start, sharemarkets around the world rallied and posted strong returns in July.
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US bond yields rose but remained below the 2009 highpoint reached in June.
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NZD posted gains on most currencies during July, lifting 0.3% on a trade-weighted basis.
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Report Prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992
