Local factors will decide carry trade winners


In April, Standard Chartered predicted lacklustre US data would lead to dollar weakness, before this gave way to risk weakness (and a dollar rebound) later in the second quarter. Since April 11, the DXY index has traded in choppy fashion between 81.33 and 83.19. Dollar outperformance in Q1 was largely due to economic divergence, with the US strong, Asia mixed and Europe in recession. Since peaking at 0.448 on February 28, the Bloomberg US Economic Surprise Index (ESI) has fallen to –0.229

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: