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USD

Started by dasein , Jan 12 2007 02:14 PM

1 reply to this topic

Member

Posted 12 January 2007 - 02:14 PM

USD has been moving especially hard against the Yen - anyone think this might have to do with the unwinding of the carry trade? TIA klh

best,
klh

Member

Posted 12 January 2007 - 02:49 PM

USD has been moving especially hard against the Yen - anyone think this might have to do with the unwinding of the carry trade?

TIA

klh

It's not unwinding, it's expanding. The weaker the yen, the cheaper it is for carry-traders to repay what they've borrowed.

Da nile is more than a river in Egypt.