So I want to test out a carry trade system but can’t find a site that lists the international interest rates for the 8 major currencies traded on FOREX.
I was once able to, on FX street.com but for the life of me I can’t seem to find it again!
Any carry traders out there care to share where you get your info regarding daily international interest rates?
[B]ArmyDoc,[/B]
Here are the current Central Bank Rates for 8 currencies.
This screen-shot is from DailyFX — DailyFX - Currency Trading News, Forex Trading News, FX News, Forex News
(scroll all the way to the bottom of the page):
If you want the exact interest rate differential for a particular position, you’ll have to get it from your broker.
Different brokers offer different “roll rates”.
Clint
you’re right about the roll rate. Oanda actually has the interest rates on their sight and there are bid and asks. Prior to a carry trade I need to check to make sure the trade is in my favor.
For example, CAD/JPY long looks ok, but check the roll rate on oanda and it turns out you’d be on the losing end of that. same with USD/JPY.
So another rule I guess on a carry trade system is to make sure the differential in interest rate is high enough that the roll rate is always in your favor.