Borrow Low, Deposit High
May 27th, 2008 | By Gary Scott | Category: US Dollar & Forex TradingMulticurrency distortions make multicurrency loans look better than they have for some time.
Multicurrency distortions make multicurrency loans look better than they have for some time.
Asian markets rallied big overnight in response to the U.S. market’s big day yesterday. Hong Kong was up 3% and the Nikkei was over 4%. So far, European stocks are following suit, but not as enthusiastically - with London, Paris and Frankfurt up less than 1%.