Dollar Weakness = Aussie, Kiwi Strength and More Carry Trades
By Chuck Butler
I've been around the currencies since 1985. I’ve been trading them since 1992 and I've never seen the volatility that I see every day since July in the Forex market.
For instance, I just saw the euro gap up from 1.3075 to 1.3135 in a heartbeat! Crazy! Why can't these currency traders make up their minds?
I'm not complaining – this volatility is great for grabbing quick gains. But, really, this past Monday we were looking at some devastating currency levels, and by today they have reversed about 6%!
And you know what all this dollar weakness and euphoria brings to the currency table don't you? Risk trades, carry trades, dollar and yen weakness, Aussie, Kiwi, and other higher yielders strength.
»
- Read original article.
- Delicious
- Digg
- Magnoliacom
- Yahoo
- 1938 reads