Economic Weather Report: The new carry trade
28th Oct 09, 3:17pm
by
Bernard Hickey delivers another economic weather report on how foreign investors are now borrowing cheaply in US dollars and lending in other higher yielding currencies, such as the New Zealand dollar. Luckily for us, our banks have been unable to use much of this cheap money because the Reserve Bank is limiting the amount they can raise from these hot money markets. Here is an interactive chart of the NZ dollar to show what has happened to the NZ dollar vs the US dollar. Watch You Tube video here.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.