Top Currency Strategy of 2016 Turns Perilous as Risks Rise

  • Politics are interrupting rally in emerging-market currencies
  • Rand’s quarterly carry-trade return has halved to 5%

Which Currencies Are Most Exposed to a Fed Surprise?

Currency traders basking in the relative calm of August markets just received a jarring reminder of the dangers of chasing high yields.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.