What are carry trades and how did they contribute to this week’s global market turmoil?

Quick Summary:

Epic unwinding of the yen carry trade that has reverberated through global markets may have further to go, analysts say.

The epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, say analysts.

Carry trades are especially popular when central banks in different parts of the world pursue diverging monetary policies, as one country might fight inflation while another seeks to boost growth.But be warned.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Week’s Interest Rates Market Carry Trades Trade Global Currency Contribute Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 09:30:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 875 words

Reading Time: 5 minutes read

Sentences: 41 lines

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Copyright Owner: © The Straits Times

News ID: 21963964

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