Investors are unwinding the biggest 'carry trade' the world has ever seen, SocGen strategist says

By CNBC | Aug 5, 2024 at 09:25 AM EST

Market participants rapidly unwound popular carry trades on Monday amid a global risk asset sell-off. Investors borrowing in low-interest currencies like the yen to invest in higher-yielding assets faced losses, causing safe-haven assets like the yen and Swiss franc to surge.

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