The carry trade is back, at least among developed-nation currencies, and that’s thanks to a surging dollar. A strengthening and relatively high-yielding dollar has dominated markets, stealing the limelight from emerging-market currencies. Our CEO, Said Haidar, shared his insight, stating that “You may see this G-10 carry continue to work to the extent that the long position is the U.S. The place where you get most carry is still in EM, and EM has been a disaster.”

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