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Uranium in Australia

rffrydr
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Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

Posted: Tue Feb 27, 2007 11:06 am Post subject: Uranium in Australia

...put glowing floor under Australia on bigsell day:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5LAozUqG7rI

Quote:

There was little change in the Aussie dollar after the head of the International Monetary Fund warned the increasing growth of yen carry trades could deepen global economic imbalances.

A carry trade involves investors borrowing low-yielding currencies, such as the yen, to invest in high-yielding currencies, such as the Australian and New Zealand dollar.

"The market is well aware of the risks associated with it," said Moore from St George. "A lot of the people that are in those carry trades have made a lot of money over the past few years."

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