A glance at the AUD/USD and NZD/USD illustrates the paucity of options for carry out there in the major currencies. It has become ever clearer that the stronger hands out there (central banks and governments) will fall over each other in the rush to stimulate their respective economies, and the result is that the Antipodeans with their yields will be sought and bought.
0.9330 has held the AUD/USD at bay but we really haven’t dipped much. The NZD/USD seems keen on testing 0.8520.
