Low fx vols revive carry trade
The combination of extremely low volatilities in fx and strong risk sentiment from investors has generated a revival in the use of carry trades, according to fx traders and strategists.
“So long as vols remain low, carry strategies should do well as a rule. We do expect vol to remain low through the summer, but as we edge closer to the end of [US Federal Reserve] asset purchases (by November this year at the present tapering pace), US
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