How looow can she go? (Aussie dollar)
May 25th 2004, 5:58 am
#16
Banned
Joined: Aug 2002
Posts: 7,613
Don't forget the unwinding of the carry trades. Commodity currencies inc AUD, NZD.
IMO the positivism re: USD and increasing USD interest rates is VERY overdone. FWIW.
But the unwinding of the carry trades is maybe only 30-50% done.
IMO the positivism re: USD and increasing USD interest rates is VERY overdone. FWIW.
But the unwinding of the carry trades is maybe only 30-50% done.
