The carry trade pair AUD/USD intraday still looks pretty good here.
However on a longer term basis as the market has been moving up, the Carry trade is being unwound.
*** I just looked at FXA and it's moving higher right now after the first chart was captured.
The longer term chart though is a bit more problematic for the market with the Carry trade being unwound.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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