By Bilal Hafeez 22-08-2019

August Curse Hits FX Carry, So Watch Trade (2 min read)


FX carry trades are down almost 4% so far in August. This is their worst performance since last August (see first chart). Perhaps the summer month is cursed – more probable, though, is that vacationing traders leave the market prone to bouts of volatility. It hasn’t helped that the US-China trade war recently escalated (though President Trump seems to be backing down once more), and that the Fed was not as dovish as the markets…

To read this Exclusive, please become a member

  • • to gain access to our Premium Content (Hive Exclusive & Deep Dives)
  • • to receive weekly newsletters for both Premium Content and Curated Content (Bilal's Top Picks & Podcast Playlists)