More upside in the Aussie dollar

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Picking up one of the free newspapers that litter London’s public transport system, I was amused to read last week that the problem with foreign exchange trading is that whatever currency you buy, you are left with the same amount when you close the trade as when you went into it.

The author, I decided, must have been pursuing other interests for the past two or three years, when the term ‘carry trade’ has tended to crop up in 90% of conversations about FX. Presumably he also missed the non-stop

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