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By Bilal Hafeez 12-06-2019

FX Carry Is Back

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As the Fed capitulates on its hiking cycle, it joins other central banks like the ECB and BoJ in dovish territory. On top of that, the pessimism surrounding the US-China trade war seems to have hit its peak – at least for now. Stock markets are responding to this in kind, with US stocks bouncing almost 5% since the start of the month.
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