OK, so all news coming out of every country in the OECD is bad bad bad. Yet we have countries that have interest rates still relatively high. Like Australia is about 5% still, isn't it? This rate will almost certainly be lowered, and probably significantly so in the next year. Knowing this, wouldn't a long-term short of the AUD/USD be a no-brainer long-term trade?
OR is this assumption already priced into the exchange rate? (that whole efficient market theory thing)
OR for this kind of trade, would an option or ETF/ETN be a better method...
OR is this assumption already priced into the exchange rate? (that whole efficient market theory thing)
OR for this kind of trade, would an option or ETF/ETN be a better method...
