What are high yielding currencies?

What are high yielding currencies? Among major currency pairs, AUD/JPY and AUD/CHF have been the more popular carry trade options with AUD being the “high yield” currency and JPY and CHF being “low yield” currencies. If one were to be long the AUD/JPY, for example, interest would be earned daily. What is a currency yield? … Continue reading What are high yielding currencies?