A Sharp Reversal Threatens The Rebound In The Carry Trade And Risk Appetite (Daily FX)
Story date: 2008-07-25 05:05:15
Added on: 2008-07-25 06:15:20
A sharp drop in high-yielding currencies and equities over the past few days may have sabotaged a crucial rebound in risk appetite and the currency market’s favored carry trade. Since last Friday, the DailyFX Carry Trade Index has dropped 336 points after briefly pushing to a new four-month high.
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