Squeeze on carry trades leave currency markets on edge

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Squeeze on carry trades leave currency markets on edge
Carry TradesEquity Markets
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The U.S. dollar was nursing steep losses on Tuesday, with the yen on the back foot after a sharp rise in the previous session as traders contend with...

The U.S. dollar was nursing steep losses on Tuesday, with the yen on the back foot after a sharp rise in the previous session as traders contend with unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve . On Monday, the global rush out of riskier assets took a staggering turn, with equity markets in meltdown mode as worries that the U.S. is heading for a recession roiled investors. U.S.

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