The Australian and Canadian dollars are becoming reserve currencies for central bankers seeking alternatives to deteriorating government credit quality in Europe, the U.S. and Japan – Bloomberg
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Commodity economies lack efficiency and complexity to add value to anything, so the wise thing is to buy commodities and stay away from uninteresting problems. Japan is getting old and their superiority in technology is rapidly diminishing. USA is safe heaven with 3rd world science&math education. EURO has rational underpinning and self-sustainable economy. Guess what?