If you want to expose yourself to so many currencies on the short side, go for it. It doesn't sound like you're serious though, or even that the trade is worthwhile.
I am mechanically trading a basket of 8 currencies. Why would I not be serious; I apologize if being net long the USD goes against the ET consensus.
I don't have enough knowledge about this subject matter to comment but just wanted to say Papa Roach is not the one to say something to sound cool or smart. Check out his posts regarding natty, probably some of the most educational and insightful contributors on ET And he raises a valid point. Basically all he is saying is properly understand the product before you trade it Nonetheless, good luck with your trading.
A lot of the loans in Eastern Europe were mada at 110%. house plus furniture etc becasue of the rising prices. Some of them carry super high intrest rates of around 10%. Many of them are denominated in foreing currency like CHF. It helps that Swiss are lowering rates but the currencies of the region took a big hit. So many people are struggling with payments.
At the moment, it's all the same trade, in my view... Specifically, risk aversion higher = VIX higher = equities lower = DXY higher.
Aud is the only thing worth buying longer term (as opposed to intraday) in my opinion so I'm starting to build a long Aud/Usd position, it's about the only thing which pays interest!
Aussie and Kiwi are both a wee bit overvalued here (Kiwi more than Aussie), I think, but it's not too bad. Not a bad trade to have on, long-term.
I think it's got potential, capital gain when it eventually rallies to Sept '08 levels and a decent yield on the small maintenance margin while I'm waiting, seems like a good deal to me. Commodity currencies are a safe bet in the long term I believe, what else is there?