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 […]
Yen's Fragility Raises Specter of a New Currency War in Asia – Yahoo Finance
(Bloomberg) — As the yen hits new lows, some investors are anticipating a scenario almost unthinkable in a region busy supporting currency declines: a series of competitive moves that could trigger a new Asian currency war. We are pondering the scenario of a weaker yen. Most Read Articles on Bloomberg The alleged intervention to drag […]