Archive for March 15th, 2010
Australia Hikes Rates; How about the Carry Trade? – 2125th Edition
Following up on my last post, I want to use this post to write about the long side of the carry trade- specifically the Australian Dollar. The Bank of International Settlements (BIS) observed in a recent report that, “The role of short-term interest rate differentials in both the deprecations and their reversal has grown over [...]
