If the planned 28% of corporate tax rate isn't met by New Zealand, then the investment will subsequently flow to Australia. This is how there has been an increase in the Australian swaps after the investors priced in a stronger possibility of a rise in interest rate.

It has been reported that in Singapore the price cost of dollar funding mounted, following increased interbank rates somewhere else.

Due to availability through the primary markets remained high, shortage of dollars in nations like China was improbable to get worse.

It has been said that longer term rates increased to a lesser extent.

About 70% chance CSRBA=CSAU that the Reserve Bank of Australia (RBA) will raise rates at the meeting has been observed by the market, rose 55% on Friday.

The central bank, since October has already increased rates by 125 basis points (bps) to 4.25%.

"In Taiwan and China, there is a genuine need for dollars in an increasingly positive investment environment", said Frances Cheung, Senior Strategist at Credit Agricole CIB, who had sensed that the paucity situation would not get worse. She adds, "It is different from 2008 when there was a worldwide shortage of dollars. It is a lot easier to get dollars in primary market compared with 2008".