This week, the DailyFX Dynamic Carry Trade Portfolio was up by 593 pips and accumulated an additional $164 per basket on interest payments. The most lucrative trade was the position we held in the Australian dollar with 292 pips gain in capital appreciation plus $20 on cumulative interest rollover per each standard lot we held. Looking ahead, we expect the combination of strong demand from China with higher commodity prices (Gold is trading at $792 and Coal above $115) will soon be translated into AUD/USD trading near parity. Good Luck with your trading for the week ahead!
