I Love Green Pips.
-
Long-term investors bet on commodity currencies falling
The Australian, Canadian and New Zealand dollars may be set for a decline, dragged down by a slowdown in China and a sharp fall in commodity prices. Tuesday's 0.8 percent slide by the Aussie versus the U.S. dollar, prompted by a rate cut, was just a foretaste. The Australian and New Zealand dollars are up 70 percent against the U.S. dollar since late 2008, driven up by near-zero rates in many developed countries. The euro zone crisis also led investors and central bank reserve managers to seek higher-yield, low-risk assets. The Canadian dollar has gained around 30 percent. Some analysts see all three currencies as ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 7, 2013 12:59pm May 7, 2013 12:59pm
- nelsatff
- | Joined Feb 2013 | Status: Simple Forex Trader.. | 15 Comments
- Comment #2
- Quote
- May 7, 2013 1:11pm May 7, 2013 1:11pm
- Guest
- | IP XXX.XXX.159.54
- Comment #3
- Quote
- May 7, 2013 3:29pm May 7, 2013 3:29pm
- uncleunder
- | Joined Jul 2010 | Status: Member | 18 Comments