Carry liquidation pressures LatAm currencies – MUFG
Rising rates volatility is driving unwind of EM FX carry trades, putting particular pressure on LatAm currencies with USD/MXN surging as MXN long positions are squeezed.
Original · FXStreet AI summary of public reporting
Why: Rising rates volatility unwinds EM carry trades
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Prices since publication
At publication → CurrentJPY157.55 → 158.25+0.4%
EUR1.126 → 1.12−0.5%