Interest on Indian rupee for a 1 yr deposit has crossed 10%, but at the same time, the currency fell around 10% in just the last few months.
I think the market is in an inflection point these days. Could be dangerous to invest in currencies with high interest rates at present. Methinks better to wait and watch.
New Currency ETN from Barclays [View article]
I think the market is in an inflection point these days. Could be dangerous to invest in currencies with high interest rates at present. Methinks better to wait and watch.