Today's All Things Forex Broadcast: AUD, NZD and the USD Carry Trade
In the broadcast today: AUD, NZD and the USD Carry Trade. As the Fed begins its two-day monetary policy meeting, we take a close look at the higher-yielding currencies "down under" and examine the state of the USD carry trade against the AUD and NZD, we analyze the latest trend developments with the AUD/USD and NZD/USD currency pairs, we keep an eye on the strengthening of the EUR as the EUR/USD pair attempts to break above last week's high, we continue to monitor the GBP ahead of tomorrow's U.K. GDP report, we highlight the market's reaction to the statement from the European Central Bank President, the news of additional currency reserves diversification from China, and the U.S. New Home Sales, we discuss new forecasts from Deutsche Bank and UBS, and prepare for the trading session ahead.
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