Hedge funds are persevering with to run Hong Kong greenback carry trades regardless of an increase in native rates of interest, albeit on a much-reduced scale in contrast with earlier within the yr.
Sellers, nonetheless, count on an enormous resurgence in these positions ought to spot as soon as once more hit the underside of the forex’s buying and selling band, which might pressure authorities to intervene.
“We predict the quick cash [hedge funds] are nonetheless operating some kind of lengthy [US] greenback carry commerce,” says a senior Hong Kong-based FX and charges dealer at a
Solely customers who’ve a paid subscription or are a part of a company subscription are in a position to print or copy content material.
To entry these choices, together with all different subscription advantages, please contact information@fx-markets.com or view our subscription choices right here: https://subscriptions.fx-markets.com
You might be presently unable to print this content material. Please contact information@fx-markets.com to search out out extra.
You might be presently unable to repeat this content material. Please contact information@fx-markets.com to search out out extra.
Copyright Infopro Digital Restricted. All rights reserved.
Chances are you’ll share this content material utilizing our article instruments. As outlined in our phrases and circumstances, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised Consumer might solely make one copy of the supplies for their very own private use. You could additionally adjust to the restrictions in clause 2.5.
If you want to buy extra rights please electronic mail information@fx-markets.com
