"Ha vuelto" is the Spanish for is back. Sometimes one cannot avoid thinking that everything is manipulated. On January we´ve seen how many, many incredibly strong trends started. Look at the chart on your left (click on to enhance on different window). January 2009: the whole movement started. Someone knew that Australia was rising rates and Europe was going to be stuck. Imagine that you just buy AUD and besides earning a high interest rate, you get an additional 25% so far with no bad months. Pure carry trading.
4/5/2010