Forget the yens, here's the new gen of carry trades. I'd never thought I would see this day.
NZD/USD
AUD/USD
EUR/USD
GBP/USD
interest rates:
AUD 7.25%
NZD 8.25%
EUR 4.00%
GBP 5.25%
USD 2.25%
CHF 2.75%
Even the Swiss is higher than the US....pathetic.
Personally, I'm not a carry trader. But does anyone see any potential problems with this?
I think the long term trend for the USD is still down....so yea.
NZD/USD
AUD/USD
EUR/USD
GBP/USD
interest rates:
AUD 7.25%
NZD 8.25%
EUR 4.00%
GBP 5.25%
USD 2.25%
CHF 2.75%
Even the Swiss is higher than the US....pathetic.
Personally, I'm not a carry trader. But does anyone see any potential problems with this?
I think the long term trend for the USD is still down....so yea.