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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (37035)7/27/2005 2:04:17 PM
From: futures speculator  Read Replies (2) of 110194
 
Russ, what is the scenario behind buying CHF (Swiss Franc)? I see it's very highly correlated to the Euro last few years. But along with the Yen, it has the lowest interest rates of all major currencies, so one is exposed against the interests of HFs doing carry trades (borrow CHF, buy USD/NZD/GBP etc)

I think the Swiss are no longer backing their currency with gold.
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