| Farewell, currency wars. Hello, carry trade! Spring’s arrival seems to have forex investors wondering if a new currency world order — in which central banks no longer drive each other’s currencies to the bottom — is sprouting.
And regardless of whether that is true or not, the Federal Reserve’s supremely dovish tone may be enough to revive the carry trade strategy: borrowing from low interest rate countries to buy assets where rates are higher...............................................Full Article: Source
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