The carry trade is imploding
The South African rand just fell almost 5% in an hour. USD/ZAR is at an all time high but the selling may have been sparked by the breakdown in ZAR/JPY as it cracked the September lows.
Forex – financial instrument.Forex news
The carry trade is imploding
The South African rand just fell almost 5% in an hour. USD/ZAR is at an all time high but the selling may have been sparked by the breakdown in ZAR/JPY as it cracked the September lows.