Korean Won, Chilean Peso, Japanese Yen Trade
Korean Won, Chilean Peso Lead Carry Trade, JPY a Major Loser on Currency Weakening Efforts
JPY, USD
The South Korean Won and Chilean Peso led gains among global currencies in carry trade performance during Q-4, posting returns in excess of 4% against the USD, CME Group analysts said in a report.
Other strong performers included the Russian Ruble, which returned 3.8% against the USD, and the Colombian Peso, up 3%, during the Quarter, according to the latest Currency Market Monitor.
By contrast, the Japanese Yen was “a major loser,” slipping over 10% Vs the USD during the last 3 months of Y 2012 due to Japan’s efforts to weaken its currency and stimulate its sluggish economy.
The Indian Rupee, down 1.8%, Icelandic Krona, down 1.6%, and South African Rand were also weaker.
Carry trades involve borrowing in nations with low interest rates to invest in higher-rate countries.
CME analysts also identified the Norwegian Krone as the most overvalued currency relative to the USD, followed by the Swiss Franc and the Australian Dollar.
Highly under-valued currencies included the Hong Kong Dollar, the Polish Zloty, the South African Rand and the Mexican Peso.
Related Articles
Philippines Peso Outlook 2013
January 11th, 2013
Asian Currency Preview Thai Baht, RMB, KRW, JPY, Peso, Taiwan Dollar
November 5th, 2012
More News
HeffCap Global Offshore Dividend Focused CFD Fund, great protection in the current economic environment
Managing investments in equities requires time, knowledge, experience and constant monitoring of stock markets. Those who need an expert to help manage their investments, portfolio management services (PMS) comes as an answer.
The business of portfolio management has never been an easy one. Juggling the limited choices at hand with the twin requirements of adequate safety and sizable returns is a task fraught with complexities.
Given the unpredictable nature of the share market, it requires solid experience and strong research to make the right decision. In the end it boils down to making the right move in the right direction at the right time. That's where the expert comes in.
HCM has decades of experience in providing portfolio Management services, where we help you understand the way into the market
When you invest your hard earned money, it is imperative to know all about your investments. We help you to take those steps forward towards Informed Investments - a consultative and transparent method of investing. With our portfolio management services you are always consulted and informed of all investment decisions, thus giving you total control of your portfolio.
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
1 of 6
China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
CommentaryInvestor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Knightsbridge Law the JOBS Act IPO Funding Specialists
Does your business qualify, can you be raising funds under the JOBS Act, find out now
One of the most …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”
Roulette …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
1033 
104 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1413
147
