Explainer-What is the Chinese yuan carry trade and how is it different from the yen's? By Reuters – Investing.com
Winnie Zhou and Summer Zhen SHANGHAI/HONG KONG (Reuters) – A global stock market sell-off sparked by the unwinding of yen-funded carry trades has put attention on China’s yuan, which is also widely used as a cheap funding currency. The yuan surged 2 percent against the dollar in August, but traders say the yuan carry trade […]