The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (1189)	9/28/2007 3:03:45 PM
From: RockyBalboa	Read Replies (1) of 71454

There s one correction necessary: Well, as Fed lowered rates, carry traders actually made a profit, cause... US bonds went up. They are long those. And no, when the Fed lowered rates, the curve steepened massively and 10/30 year yields actually rose. The bond prices went down! Carry traders do not buy bonds, they do money market deals, or to more concise, FX Swaps pocketing the yield differential. Carry traders dont do much USD/JPY. The lions share is JPY sold against EUR, GBP, and the minors.

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