Day: March 8, 2010

March 8
2010

Papandreou Comments Force Euro Down

The euro had just started the week gaining versus the dollar and the yen as the negative sentiment regarding the Greek crisis slowly fades, but after comments coming from Greece that the fiscal crisis in the country may spread to other countries, the EU’s single currency went down again. It seems that markets still didn’t digest the Greek fiscal crisis and the euro is once again falling after events happening in the most […]

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March 8
2010

Do You Use Carry Trade?

Carry trade is a popular trading strategy. It is based on buying a high-yielding asset as an investment using the low-yielding asset as funding, so that the cost of loan is less than the yield of the asset you have bought. In Forex, carry trade is based on buying a currency pair with a high positive interest rate difference (swap) or selling a currency pair with a high negative interest rate difference. Good examples […]

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