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The End of the Carry Trade at 2006-07-09 19:42:57
Is the carry trade about to unravel? While the recent speculation that the Fed is nearing the end of its tightening cycle may have been premature, the attention that the speculation focuses on economic cycles is timely. The economic expansion in the United States has been running ahead of its peers in Europe and Japan. Whether the Fed pauses at its next meeting or not, interest rate differentials
