Carry Trade = borrow money in (say) Japan at 0.5%, send over to (say) Australia and let it earn 6.7% with Rabobank etc. It got spooked when credit markets went bang....
I'd imagine if you put "carry trade" into google, you'd get some results!
bernanke gives market a head job ..., page-7
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |