A year to the day after Australian interest rates were raised in an attempt to bring the economy off the boil, it is still threatening to bubble over.
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But Tonga went slowly off the boil in the second half, allowing the hosts, drawn from New Zealand's second and third divisions, to dominate.
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"The market's looking at it as indicating the economy's coming off the boil, " said Lindsay Diggelmann, a dealer at Citibank.
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Access said Australia could face problems toward the end of the year, when factors supporting local growth, such as the strong housing market, come off the boil.
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Australian employment probably made only a small increase in November, still in line with expectations the economy has come off the boil and following two consecutive monthly declines in jobs growth.
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Since the only area of the economy with significant strength-- manufacturing-- is coming off the boil, the market is taking it as a sign to press the panic button.
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WATER : Start with cold, fresh, preferably filtered or bottled water, heated to just off the boil ( 195 to 205 degrees F ) to extract coffee's full range of flavor.
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He started the season with a bang, with 4 tries from his first 4 starts, but came off the boil as the season went along, ending the year on the substitute's bench.
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Jones was finally removed for 122, and Steve Waugh, who seemed to have gone off the boil slightly following his blistering first three tests, went for a disappointing 14, clean bowled by Igglesden.
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"It ( the Bank of Spain ) appears to have been intervening frequently to keep the peseta off the boil and prevent it appreciating above 84 pesetas to the mark, " said Anderson of Wrightson Associates.
