Tuesday, Aug 14, 2007
Japanese Housewives Will Be Cashing In The Winnings
www.dailyfx.com: Forex Carry Trade Unwinds Nearly 6 Percent, History Says it May Go Further
Carry Trade Rout Grows Larger by Historical Standards --
The widely popular forex carry trade has recently fallen from previous heights, forcing sizeable drawdowns in portfolios that held long-carry positions. Going long the three highest-yielding G10 currencies and short the three lowest-yielders produced a 5.7 percent decline in a matter of 20 days. Viewed from a historical standpoint, this is the fourth largest drawdown since the inception of the Euro
Posted by chris :-)) @ 11:27 PM (139 views) Add Comment
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