Yuan Carry Trade Prospers Even After Yen Version Collapses – Yahoo Finance
(Bloomberg) — The wildly popular yen carry trade went belly-up this month as the Japanese currency surged, leaving this little-known strategy seemingly less susceptible to such shocks. Most read articles on Bloomberg Royal Bank of Canada expects trades borrowing yuan to buy higher-yielding assets to be firmer as the People’s Bank of China keeps monetary […]
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 […]
Dollar Bulldozes Its Way Through Asian FX With Help From Yuan – Yahoo Finance
(Bloomberg) — A rebound in the dollar sent a sharp decline across global currencies on Tuesday, sending many currencies through closely watched levels and forcing some officials to intervene to stem losses. . Most Read Articles on Bloomberg A major intervention by China (reducing the daily benchmark value of the renminbi) only served to increase […]