“Goldman is out with its #1 trade idea for 2013.
They’re advising clients to short the Aussie Dollar (AUD) against the Norwegian Kroner (NOK).
AUDNOK is currently at 5.8797. The firm’s target is 5.00.
Why this trade?
We summarize in bullets. Even if you’re not interested in currencies, there’s some interesting economics here that might help get you thinking of how a big global, macro trade is designed.”
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