Email of the day (1)
“ Carry Trade Is Finished Here In Oz ” “Both my FX accounts, with Bell-Potter and with Macquarie Bank, when taking a position require buying from them at their price as opposed to buying on the open market; in addition, they each have a 'rollover charge' designated in months over the term of your position......I simply will not do business that way. Could The Collective suggest a bank/broker that will process my FX order on the open market?"
Eoin Treacy's view Thank you for sharing your experience with the Collective. A considerable number of internationally oriented investors seek to harvest the Australian Dollar's positive carry and we would be happy to post details of more attractive terms than those you report.