Saturday, May 29, 2010

Australian Dollar - A Darling Carry Trade Target!

If you missed out, sadly to speak, the last windfall on Australian Dollar after the burst of the subprime mortgage bubble in USA when our nerves were gripped by the furious fall of AUD (Australian Dollar), then you should grab it back this time.

AUD is simply a darling currency of a lot of international currency investors. It has been target of carry trade by reason of its high-yielding nature. Other reasons include sound economy from the buoyant commodities.

Many thanks to the crisis in Greece for the recent sharp fall in AUD. Get hold of it this time!

Have a good weekend!

3 comments:

Sarawakiana@2 said...

The GAwai holidays here in Sarawak may prevent some good trading....

Tony Hii said...

Some international currency analysts are painting a gloomy picture of Euro. I hope AUD would dip some more during Gawai for the benefits of Sarawakian investors.

Anonymous said...

It is time for all of us to visit your friends or relatives or holidays in Australia. AirAsia is offering special fares to Gold Coast and other cities.