Foreign exchange - Carry on regardless

Carry trade


The carry trade stubbornly refuses to give up the spotlight. Since March, when an appreciating yen sparked fears of a rapid unwinding of carry trade positions and a systemic rout, it has rarely been far from commentators' lips.

The carry trade is "so simple anyone can understand it", says one London-based banker, which may itself be a reason why it has commanded so much recent attention. The strategy involves borrowing in the currency of a country with low interest rates and investing in higher

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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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