Citi Warns Every FX Trade Is The Same Carry Trade Now

In Citi’s Steven Englander’s latest note, he notes that every major FX trade in place right now is a carry trade in one form or another, differing only in their scope and in the risk they entail. This has 5 significant implications… Via Citi, This note argues that every major FX trade i…

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Citi Warns Every FX Trade Is The Same Carry Trade Now