Category: Unwinding
-
Unwinding of carry trade roadblock for BoJ hikes but not Fed cuts
•
Investing.com – The recent sharp rise in the yen, as a result of the unraveling of the “yen carry trade,” may be a barrier to further increases by the Bank of Japan, but not a barrier to Federal Reserve cuts, Goldman Sachs analysts said. At 07:00 ET (11:00 GMT), the…
-
Unwinding of hugely popular currency trade rocks markets By Reuters
•
By Harry Robertson LONDON (Reuters) – A sharp fall in the Mexican currency after a landslide election result rattled foreign exchange markets as far as Hungary and Turkey this week, leaving investors wondering whether the unwinding of the popular “carry trade” will continue. A carry trade involves investors borrowing in…