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Carry Trade News Archive

Japanese Yen Mixed vs. Majors, Soft vs. High-Yielding Currencies

The Japanese yen was mixed against major rivals today, trading flat against the US dollar and the euro, falling versus the Great Britain pound, and rising against the Swiss franc. The yen was soft against higher-yielding currencies of emerging markets.

AUD Boosted by Market Sentiment & Domestic Data

The Australian dollar rallied today thanks to the positive general market sentiment and domestic macroeconomic data.

Japanese Yen at Fresh Lows as Kuroda Reiterates Commitment to Stimulus

The Japanese yen fell today, touching fresh lows versus the US dollar and the euro, as Bank of Japan Governor Haruhiko Kuroda reiterated the pledge to keep monetary policy extremely accommodative.

Japanese Yen Leaps on Safe Haven Bid

The Japanese yen surged today, jumping more than 1 percent and reaching the highest level in seven weeks against the US dollar and the euro. The trading environment on the Forex market favors safer currencies, and so happens that the yen is one of such currencies.

Brazilian Real Drops as Growth Outlook Worsens

The Brazilian real fell today as the worsening outlook for nation’s economic growth made the currency less attractive for market participants.

Brazilian Real Heads to Weekly Gains Despite Daily Losses

The Brazilian real fell today but was still heading to a weekly gain. The currency rallied after the nation’s central bank bolstered its interest rates, making the currency more attractive for investors, particularly carry traders.

Australian Dollar Halts Drop, Struggles to Rally

The Australian dollar halted its two-day drop today but has hard time carving out gains as domestic fundamentals are still dragging the currency down. The Aussie was heading to a weekly loss versus its US counterpart.

NZD Drops on Trade Balance, Sill Retains Appeal of Traders

The New Zealand dollar sank today as the nation’s trade balance worsened, though it was better than analysts forecast. Market experts still view the currency in a positive light, saying that fundamentals are extremely supportive.

Interest Rate Outlook Boosts Brazilian Real

The Brazilian real gained today on speculations that the central bank will keep raising interest rates, attracting investors from countries with near-zero interest rates to South American nation’s assets.

NZD Drops on Fed, New Zealand’s GDP Adds to Woes

The New Zealand dollar sank versus its US counterpart yesterday and continued to fall today after the Federal Reserve reduced its stimulus program and signaled about possible interest rate hike next year. The kiwi was also soft against other most-traded currencies after the official report showed that New Zealand economic growth slowed last quarter more than was expected.