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foreign exchange

The ‘carry’ trade

The carry strategy in foreign exchange markets generates positive average returns over the long run, but it can experience losses when there are shifts from fixed to floating currency regimes, finds a new study co-authored by Dr David Chambers of…

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If you’re so smart

John Maynard Keynes struggled as a foreign-exchange trader, finds the first detailed study of the famous economist as currency speculator. A detailed new study of the chequered currency-trading record of John Maynard Keynes might make today's overconfident currency speculators think…

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