14 July 2023 Economics & Growth | Global

Bilal’s Macroscope: Forget Equities, FX Carry Is King of 2023 (But Not for Long)

By Bilal Hafeez
3 min read

FX carry has outperformed equities, bonds and commodities in 2023 on a Sharpe ratio basis. But returns are near cyclical highs, correlations are off, and August is typically bad for carry.

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Bilal's Macroscope

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Bilal Hafeez Mirza Baig Ben Ford
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Bilal's Macroscope

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Bilal's Macroscope

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24 November 2023

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Bilal's Macroscope

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Bilal’s Macroscope: Forget Equities, FX Carry Is King of 2023 (But Not for Long)

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Bilal’s Macroscope: Forget Equities, FX Carry Is King of 2023 (But Not for Long)

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Cancellation Confirmed

Discount Applied