Carry on reaping the profits?

There have been periods in history during which the carry trade has attracted increased attention.

Judging by the proliferation of recent articles about the carry trade, we are currently living through such a period. The generic term 'carry trade' refers to the practice of borrowing in low yielding currencies to invest the proceeds in higher yielding assets denominated in other currencies.

Given their low yielding properties, the two currencies that typically serve as providers of global

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