Yen Carry Trade
On 5th August, 2024, major global stock markets saw their steepest decline in decades, triggered by the unwinding of the yen carry trade, compounded by ongoing concerns over a potential US recession and geopolitical tensions in West Asia.
Why is Yen Trade Unwinding?
- Higher interest rates in Japan led to the yen gaining strength against the dollar and most other emerging economy currencies.
- Recently, yen’s exchange rate, that is, how many dollars or rupees does one get for one yen – strengthened against currencies like dollar, real, rupee, peso, etc.
What is Carry Trade?
- A carry trade is a hugely popular ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Centre Launches White Revolution 2.0
- 2 Centenary Celebration of ICAR- NISA
- 3 Review of the NBFC Sector
- 4 Vertical Fiscal Imbalance
- 5 Finance Minister Reviews Performance of RRBs of NE Region
- 6 PM E-DRIVE Scheme: Accelerating India's Shift to Electric Mobility
- 7 Differential Benefits of Electricity in Rural Areas
- 8 Centre Notifies Galathea Bay as a Major Port
- 9 10 Years of Make in India
- 10 Spices Board Unveils SPICED Scheme
