INSUBCONTINENT EXCLUSIVE:
NEW YORK: Traders who braved the rout in emerging markets in search of higher returns are suddenly reaping the rewards.
A Bloomberg currency
index that measures carrytrade returns from eight emerging markets funded by short positions in the dollar has gained 3.2 per cent in
If it stays that way, it will be the best month since January.
Carry trades were upended earlier this year as the dollar strengthened and
concerns over a protracted trade war rattled markets
But now the slide in the price of oil and growing speculation that the Federal Reserve may slow the pace of interest-rate increases next
spot on the horizon, should President Donald Trump fail to cut a trade deal with China at the Group of 20 summit in Argentina next
strategist at NatWest in Singapore.
