Carry makes a muted comeback as investors hunt for yield
The currency carry trade has shown some sign of life in certain currency pairs after an extended period of dormancy, according to data from CME Group, but investors remain wary of playing high- and low-yielding currencies against each other in an environment of economic uncertainty.
The carry trade entails selling a currency with a relatively low interest rate to buy a currency with a higher interest rate, capitalising on the rate differential. The CME Group's currency market monitor report for
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