Word: interests
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Meanwhile, Japan's central bank has finally conceded that deflation is a critical problem and signaled that Japanese interest rates will remain at historically low levels for at least the balance of 2010 as the government prepares to devalue its currency...
...idea is to borrow money cheaply in one country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
...euro and yen are this year's dollar, what's on the flip side of the smart carry trade for 2010? Last year the Brazilian real was a currency on fire, appreciating 35% on interest rates that started 2009 at an unsustainable 13.75%. It was a situation that threatened to suffocate the economy, forcing the government to intervene in currency markets, cut interest rates nearly 40% and impose new taxes on foreign investment. (See pictures of the global financial crisis...
...region to watch in 2010. Greg Anderson, director of currency strategy at Société Générale Global Markets in New York likes Mexico best, noting its peso could repeat the performance of last year's hottest Latin-American currencies, helped by comparatively high interest rates, currently at 4.5% but expected to trend upwards to 5.75% by year end. Also, Mexico's government is pursuing a hands-off approach to currency markets...
...Community Outreach Program is primarily a response to increased member interest in this particular strand of outreach, and is certainly a wonderful way to expand our reach to people who might not otherwise involve themselves with the organization,” Kase wrote...