Friday, Aug 17, 2007
You Got To Know When To Hold Em And Know When To Fold Em
ft: Yen carry trade
The speed of this unwinding has been staggering. That underlines the extent to which speculative investors have been funding activities via low-yielding currencies. The Swiss franc has also rallied. Given that Japanese savers are unlikely to forgo the superior incomes generated overseas, at least in the short term, it is fair to say that hedge funds are responsible for the most of the moves so far.
Posted by dispondent housewife @ 03:29 PM (195 views) Add Comment
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