Sunday, September 26, 2010

Rate hikers rule the forex roost

Summary of current interest rates of a large number of central banks from Global-Rates.com:

 Name of interest rate country/region current rate direction previous rate change
 American interest rate FED United States 0.250 % 1.000 % 12-16-2008
 Australian interest rate RBA Australia 4.500 % 4.250 % 05-04-2010
 Brazilian interest rate BACEN Brazil 10.750 % 10.250 % 07-21-2010
 British interest rate BoE Great Britain 0.500 % 1.000 % 03-05-2009
 Canadian interest rate BOC Canada 1.000 % 0.750 % 09-08-2010
 Chinese interest rate PBC China 5.310 % 5.580 % 12-22-2008
 Danish interest rate Nationalbanken Denmark 1.050 % 1.150 % 01-14-2010
 European interest rate ECB Europe 1.000 % 1.250 % 05-07-2009
 Indian interest rate RBI India 6.000 % 5.750 % 09-16-2010
 Japanese interest rate BoJ Japan 0.100 % 0.300 % 12-19-2008
 Mexican interest rate Banxico Mexico 4.500 % 4.750 % 07-17-2009
 Russian interest rate CBR Russia 7.750 % 8.000 % 05-31-2010
 South African interest rate SARB South Africa 6.000 % 6.500 % 09-09-2010
 Swedish interest rate Riksbank Sweden 0.750 % 0.500 % 09-02-2010
 Swiss interest rate SNB Switzerland 0.250 % 0.500 % 03-12-2009
 Turkish interest rate CBRT Turkey 6.250 % 6.500 % 09-16-2010

Go long currencies that have a central bank that is raising interest rates or eager to do so. Find out who is hiking here.

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