South Africa - Who's dropping the carry trade?

Foreign Exchange


The so-called Bric trade - taking exposure to Brazil, Russia, India and China - has been the staple of emerging market traders over the past few years. However, African currencies, and the South African rand in particular, have also presented mouth-watering opportunities for offshore investors.

One of the most popular strategies has been the carry trade. The concept is pretty simple: investors borrow in the currency of a country with low interest rates, such as Japan, and invest or lend in a

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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