Quote:
Originally Posted by Christina Muller
If you see a currency such as say the CDN dollar hit a 20 year high against the dollar you know if you have CDN dollars to buy US$ as it will change later.
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If I understand you correctly, you go long currencies hitting 20 year lows? That would seem to be far from risk-free.
For example, that rule would have put you long the Russian Ruble vs the US Dollar in 1995. Three years later you would have lost 70% of your money.