Emerging market currencies: rand vs other carry-trade bets
When the spike in volatility starts to ease, watch for these unlikely candidates to emerge as potential carry-trade winners: the South Korean won and Malaysian ringgit.
When the spike in volatility starts to ease, watch for these unlikely candidates to emerge as potential carry-trade winners: the South Korean won and Malaysian ringgit.
From a broader perspective the Rand had another turbulent month, but the trend towards long-term weakening which has been with us for the past year is still very much intact.