The currencies to bet on now

Professional currency trader Fadi Zaher reveals three ways investors can benefit from a stronger dollar in the medium to long term.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week:Fadi Zaher, head of bonds and currencies, Kleinwort Benson.

Extremely low volatility in the currency markets has revived investors' appetite for borrowing in currencies with low interest rates (such as the Swiss franc) and investing in ones with higher interest rates (the Australian dollar, for example). This is known as the carry trade'.

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Fadi Zaher is head of bonds and currencies at Kleinwort Benson.