From Stockmarketsreview.com: The dollar has witnessed a falling trajectory post March this year without any respite whatsoever. A number of factors contributed to this slide - ongoing dollar carry trade and loose monetary and fiscal policies at its forefront.
The Fed, by reducing the inter-bank lending rates to near zero levels and signaling keeping the rates at this level for an extended period of time, intensified the pace of the dollar carry trade, marking a substantial unwinding of the yen carry trade......................................Full Article: Source
|