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Dollar, sterling seen as carry currencies in 2010

Posted on 11 December 2009

From Reuters: A strategy to invest in higher-yielding assets using low-interest-rate currencies will remain in favor in 2010, with sterling stepping in alongside the U.S. dollar as the prime currencies financing these trades.

Asset managers at Reuters Investment Summit in New York this week said sterling is their least favorite currency, sullied by low interest rates and by a slew of spending cuts and tax increases………………………………Full Article: Source

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