Dollar volatility plunges to record lows, forcing the $9.5 trillion foreign exchange market into a 'carry trade game'
In the foreign exchange market, which sees daily trading volumes as high as $9.5 trillion, a sharp decline in U.S. dollar volatility is driving traders to seek carry trades and relative value strategies to generate profits.
Express News | Driven by the rebound following the ceasefire, the emerging market foreign exchange index reached an intraday high, with significant gains for the South African Rand and Chilean Peso.
Express News | Pan Gongsheng: China has no need and no intention of gaining trade competitive advantages through exchange rate depreciation.
Undeterred by Middle East conflicts, DoubleLine Capital backs emerging markets: attractive valuations and stable policies may trigger a 'virtuous cycle'.
Emerging market local fixed income offers a variety of value sources, which should serve as a 'welcome relief' for global investors who find the valuations of financial assets in developed markets to be excessively high.
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