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Dollar Powers To 4-Month Highs Against Yen: Trump Tariff Expectations Spark Carry Trade Frenzy
Wednesday, November 13, 2024 - 4:41pm | 892The U.S. dollar surged past 155.60 yen on Wednesday, hitting levels unseen in nearly four months. What Happened: Investors piled back into yen-dollar carry trades. The speculation is that the incoming Trump administration will aggressively hike tariffs on imports. Economists expect the planned...
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Hedge Funds Swap Yen For Dollar In New Carry Trade Strategy: Report
Tuesday, August 20, 2024 - 2:04pm | 501Hedge funds are now turning to the U.S. dollar for carry trades after pulling back from the Japanese yen for bets on emerging markets two weeks ago, according to CitiGroup. Investors retreated from using the yen for this investment strategy two days after the Bank of Japan raised interest rates...
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Dollar-Yen Volatility Sparks Debate Over Carry Trade Positioning: 'We Maintain A Structurally Bearish Yen View,' Analyst Says
Friday, August 9, 2024 - 3:40pm | 801The U.S. dollar-Japanese yen exchange rate endured one of its most turbulent weeks in recent years, with sharp swings driven by pivotal economic events that have left traders reassessing the future of the dollar-yen carry trade. The USD/JPY pair opened the week at 146.36, but quickly plunged to a...
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Yen 'Carry Trade' Is Only Halfway Unraveled, Wall Street Analyst Says: How Much More Room For Traders To Get Pummeled?
Tuesday, August 6, 2024 - 2:22pm | 438Global markets faced a beating on Monday before recovering on Tuesday. Experts linked the market’s price action to the unwinding of the yen “carry trade,” which Arindam Sandilya, co-head of global FX strategy at JPMorgan, says is only half done. What Is The Yen ‘Carry Trade...
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Why Currency Traders Borrowing In Euro Are Making More Money Than With Dollar
Monday, August 1, 2022 - 8:29am | 367The euro's fall has come to the rescue of carry traders looking to invest in emerging market currencies. Such trades, where borrowed euros are used to invest in high-yielding emerging market (EM) currencies, have recorded lucrative profits to the tune of about 29% this year, depending on the...
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Benzinga Market Primer: Wednesday, January 9
Wednesday, January 9, 2013 - 7:23am | 823Futures Flat On Global Weakness U.S. equity futures were essentially unchanged overnight as fears over the health of the European economy and of growing credit risks in China spooked investors. Markets also await the interest rate decisions from the Bank of England and the European Central Bank...
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Gordon Brown: The Worst Gold Trader of All Time
Wednesday, July 11, 2012 - 2:07pm | 497Gold has been a market darling since the onset of the financial crisis, rallying to record high prices. Non-traditional monetary policy has seen currency devaluation drive prices higher. The yellow metal was also in the headlines more than a decade ago, specifically in England, as Gordon Brown...