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Yuan on the brink of a breakthrough
The Chinese yuan is emerging as the next major currency to closely monitor in the aftermath of the dramatic reversal of the Japanese yen carry trade. The yen carry trade’s unraveling is now front and center for global investors, many of whom are now speculating on the potential implications for the yuan. Central to this discussion is the widening gap between US interest rates and those in Japan and China – a disparity that has been instrumental in fueling carry trades. These trades involve borrowing in currencies with low interest rates and investing in those with higher yields, a strategy that can be profitable ... (full story)
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- Posted: Aug 12, 2024 10:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,326
