This has the effect of compiling an excess return from the differences between strong currencies like Australia and
weak currencies like Japan.
I think the Fed will deliver an upbeat outlook on the economy and the dollar will surge, especially against
weaker currencies like the euro.
Not exact matches
If these inflows however are counterbalanced by rising private inflows from Chinese businesses and wealthy individuals taking money out of China, either because of
weaker domestic growth prospects of because of rising nervousness and uncertainty, asset prices might not fall as much as we would have expected, but Australia will be caught in a vice a little
like that of, for example, Spain, in which export weakness can not be partially counterbalanced by a
weaker currency.
The US also has a
currency that covers lots of different states, some as strong as California or NY, others on the
weak side, with little strong industries (
like finance, technology, and the
like).
The points option will offer you more flexibility but keep in mind that Club Carlson points are some of the
weakest hotel
currencies, often valued
like Hilton Honors points around.4 cents per point.