Carry Trade News Archive

CAD Climbs as Traders Search Higher Yield After RBA Decision

The Canadian dollar advanced today amid increasing demand for the currency from traders interested in high yield as continuous currency wars make it difficult to find.

Baht Near Record Since 1997

The Thai baht advanced today, trading near the highest level since 1997. Other Asian currencies, except the yen, also advanced on foreign capital inflows.

Japan’s QE Leads to Stronger Thai Baht

The Thai baht gained today, reaching above 29 per dollar for the first time since 1997, as excessive quantitative easing in Japan led to capital inflows to other Asian nations, including Thailand.

Australian Dollar Falls, But Keeps Weekly Gains

The Australian dollar fell yesterday, but ended the week with gains against the US dollar and the Japanese yen. Signs that the global economy is recovering helped the Australian currency to hold ground even when the Forex market sentiment became negative.

Australian Dollar Gains as Fed Considers Dropping of Monetary Easing

The Australian dollar rose, erasing its previous losses, as stocks gained and prices for raw materials increased as market sentiment gradually turns to risk appetite and on the speculation that the Federal Reserve may reduce stimulus for the US economy.

South African Central Bank Keeps Rates Steady, Rand Maintains Gains

The South African rand kept its gains today after the South African Reserve Bank left its main interest rate unchanged at yesterday’s monetary policy meeting to support recovery of the nation’s economy.

SA Rand Rebounds on Outlook for Interest Rates

The South African rand rebounded today after yesterday’s decline on the speculation the central bank will keep its interest rates unchanged, continuing to draw foreign investors.

Rand Jumps After ECB Cut Rates

The South African rand climbed today after the European Central Bank made an unexpected move by reducing its main interest rate.

Australian Dollar Drops on Interest Rates Outlook

The Australian dollar fell today on the speculation the revised method of the inflation calculation will cause the central bank to refrain from raising the interest rates.

Australian Dollar Gets Boost from Carry Traders

The Australian dollar advanced today on the speculation that the poor performance of the US economy will boost carry trades, increasing attractiveness of the currency.

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