What Lies Ahead For the Currency Markets
Last week has been a rough week for the US dollar, particularly against
the Japanese Yen and the Swiss Franc as carry traders close out their
carry positions. Will the USD continue its slide against these currencies this coming week?
I'm eager and curious to find out what is going to happen in the forex
market. Last Friday, St. Louis Fed President Poole said that the
current extent of carry trade liquidation has not yet been disruptive.