Currency


forex

The havoc wreaked by the unwinding of yen carry trades in 2008 in financial markets may be a distant memory for some of us in the wake of the current rally in global equity markets.

However, it is a scene that could be replayed some time down the road and this is not good news for a recovering global economy. Only this time, the currency with the starring role is the US dollar.

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forex

Betting against the dollar is becoming the trade investor can’t afford to ignore.

The US Dollar Index fell last week the lowest level in a year as price swings in foreign exchange declined, encouraging investors to borrow greenback at record low interest rates and buy assets in countries offering yields as much as 8.1 percentage points higher than US deposit rates.

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