Carry Trades In Dangerous and Final Stage
From news_archive.php?id=34914
Carry trades have continued to exert a powerful influence on the markets over the past week with most currency pairs showing the impact. The carry-trade party could continue for marginally longer, but the overall dangers are now running at extreme levels. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p> </o:p> The Japanese yen has remained under pressure following the dovish Bank of Japan comments which has fuelled further high-yield currency buying. The New Zealand dollar has recovered from the sharp decline following Reserve Bank intervention to push back towards record highs above ...
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