Wow… What A Year For FX Carry Trades
(2 min read)
If you looked only at the dollar and FX volatility, 2019 may have seemed a dull year. The dollar is up, but it’s been a choppy and modest ascent. But this narrow view would miss the anything but dull performance of one particular type of FX investment strategy: the carry trade. This year, it has delivered stellar returns. A basket of global FX carry trades has delivered returns of close to 15%...
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