The carry trade hit a major losing streak last year as central banks reduced interest rates to bolster economic growth, narrowing spreads, and swings in currency prices increased risks. Goldman Sachs, Fischer Francis Trees and others are helping to revive the carry trade. "The global economy seems to have reached an inflection point," said Dale Thomas, head of currencies at Insight Investment Management. "We're set for a period of some classic risk currency trades, where you sell the dollar against emerging-market currencies."

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