FX Crossroads: The Great Carry Bubble
October 30, 2008 by Forex-Tools · Leave a Comment
During the last few months we have seen an historical unwinding of the so called carry trades (i.e. borrowing in low-yielding currencies and lending in high-yielding currencies). This has not least been visible from the large weakening of AUD, NZD, and ZAR, and the rally in JPY and CHF.
