Valentin Marinov from Credit Agricole evaluates FX carry trades by ranking G10 currencies' yield appeal, identifying USD, NZD, and GBP as top-yielders and JPY, CHF, and EUR as lowest. Sustainability hinges on future rate cut expectations, with NZD showing the most enduring rate advantage due to the RBNZ's conservative cut strategy. Conversely, the EUR faces significant rate reductions, whereas JPY might see a relative rate improvement due to divergent ECB and BoJ policies. Key quotes: "In G10, the three top-yielding currencies are the USD, the NZD and the GBP." "The three lowest-yielding currencies are the JPY, the ... (full story)