Aussie dollar's cash and carry days may soon be over

By Vesna Poljak and Jonathan Shapiro
Updated September 3 2014 - 10:08am, first published 9:08am
Rising interest rates overseas could make carry trades less attractive. Photo: Louie Douvis
Rising interest rates overseas could make carry trades less attractive. Photo: Louie Douvis

The Australian dollar's days as a carry currency could be numbered if the European Central Bank disappoints and takes only incremental action on Thursday at its highly anticipated ­policy meeting.

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