- Sharemarkets around the world rallied and posted strong returns in August.
- US bond yields fell over the month, as some investors questioned the economic recovery.
- NZD posted gains on the major currencies during August, lifting 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
