base currency for account. An idea ?

Discussion in 'Forex Trading' started by Digs, Oct 23, 2007.

  1. Digs

    Digs

    My broker allows me to have my account in EUR, USD, CHF, AUD, JPY.

    I currently have my funds in USD.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=amQBwDBSDvBE&refer=home

    If I wish to follow Jim Rogers advice and have my account in CHF. He suggest that when the carry trade unwinds, CHF anc JPY will rally big time.

    I notice that the USDCHF is very highly correlated to the USD Index. So is he suggesting that this correlation will be broken and the CHF will be stronger than the USD and USDCHF will rally.