November 2011
Beginner
335 pages
9h 33m
English
Content preview from Inside the Currency Market: Mechanics, Valuation, and Strategies
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CHAPTER 6
Government Bonds, Yields, Yield Curves, and Currency Prices
A yield-curve chapter is imperative to understand a currency pair and its price because a yield curve represents an interest rate priced to the market at a specified maturity. But one yield curve and one interest rate only prices one side of a currency pair. A two-nation yield curve must be understood in order to understand the other side of a currency pair. From a two-nation perspective, a true currency-pair price can be factored and traded. How to denote trends and ranges as it relates to yield curves will be fully highlighted as well as the necessary formulas and conditions to trade currencies against the U.S. dollar. Cross pairs should only be traded under certain circumstances, ...
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