Investors lowered bearish bets on the Chinese yuan as a U.S. rate cut gave Chine...
Meanwhile, in a counter-intuitive move, market participants turned bearish on the Indonesian rupiahIndonesia has among the highest real interest rates in the region and its bond market usually attracts foreign inflows owing to attractive rate differentials.
“The carry trade is a low volatility strategy designed to pick up yield in a benign market environment. The pick-up in volatility emerging from the equity market has triggered huge draw-downs in carry trade strategies,” analysts at ING said in a note.
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